- Taxpayers must determine the share of goods and services used in taxable operations when first declaring non-taxable VAT operations.
- Appendix 5 must be submitted with the VAT declaration.
- The VAT declaration form is approved by the Ministry of Finance order from January 28, 2016, with updates.
- Taxpayers must calculate tax obligations based on the taxable base and register a consolidated tax invoice.
- The share of goods and services used in taxable operations is calculated as a percentage based on the previous year’s supply volumes.
- New taxpayers or those starting non-taxable operations must calculate the share based on the first reporting period’s data.
- The calculation is submitted with the tax declaration for the reporting period.
- An annual recalculation is required based on actual volumes of taxable and non-taxable operations.
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.
