VAT Accounting for Expired Debt Write-off on Unpaid Goods/Services from Resident Suppliers

• The tax credit is determined based on the contractual value of goods or services and includes taxes paid by the taxpayer.
• Tax credit is accrued regardless of whether goods or services are used in taxable operations during the reporting period.
• The date for tax credit inclusion is the earlier of payment or receipt of goods or services.
• Tax invoices from the Unified Register serve as the basis for tax credit accrual.
• Taxpayers must accrue tax liabilities and register a consolidated tax invoice by the end of the reporting period.

Source: od.tax.gov.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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