- If a taxpayer forms a VAT credit based on a registered invoice but does not pay for goods or services within the limitation period, they must accrue VAT and register the corresponding invoice in the period of debt write-off.
- Tax credit is determined based on the contractual value of goods or services and includes VAT accrued or paid in the reporting period.
- Tax credit is accrued regardless of whether the goods or services have been used in taxable activities.
- Bad debt is defined as debt for which the limitation period has expired.
- If goods or services for which a tax credit was formed are not used in business activities, the taxpayer must accrue tax liabilities and register a consolidated tax invoice by the end of the reporting period.
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.
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