- Returned goods or prepayments are deducted from the total supply volume for VAT registration.
- VAT registration is required if taxable supply operations exceed 1000000 UAH in the last 12 months.
- Voluntary VAT registration is possible if supply volumes are below the threshold.
- Definitions of supply of goods and services must be considered for registration calculations.
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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