- VAT payers with tax debt can use negative VAT values to reduce debt from previous periods if it does not exceed the registration amount on the declaration submission date.
- The procedure for submitting tax declarations and VAT settlement deadlines is defined in Article 203 of the Tax Code of Ukraine.
- Tax declarations are submitted for the basic reporting period, which is a calendar month, within 20 calendar days after the last day of the reporting month.
- The tax liability amount declared must be paid within 10 calendar days after the deadline for submitting the tax declaration.
- Tax debt is defined as the agreed monetary obligation not paid within the established deadline and any unpaid penalties.
- The amount payable to the State Budget or for budget reimbursement is the difference between the tax liability and tax credit for the reporting period.
- Negative values calculated can be used to reduce tax debt from previous periods, not exceeding the registration amount at the time of declaration receipt.
- The procedure for filling and submitting VAT tax reports is approved by the Ministry of Finance order from January 28, 2016, No. 21.
- Negative values are accounted for in reducing tax debt from previous periods and are reflected in line 20.1 of the VAT tax declaration.
- The amount reducing the VAT tax debt equals the total amount in column 8, table 1 (D2), appendix 2.
- Integrated taxpayer cards are opened for each income classification code or technological code of the single contribution for each taxpayer and territorial tax authority.
Source: news.dtkt.ua
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
