VAT Adjustment Calculation Date When Refund Precedes Goods Return to Seller

• The tax adjustment calculation to the tax invoice is compiled on the date when goods are returned to the seller, not when money is returned to the buyer
• According to Ukrainian Tax Code article 192.1, adjustment calculations require actual return of goods or services to the person who provided them
• When a seller returns money to a buyer without receiving returned goods, there are no grounds for compiling a tax adjustment calculation to the tax invoice
• Each specific case of tax relations should be considered taking into account contractual terms, circumstances of business operations and primary documents
• Taxpayers should contact controlling authorities for individual tax consultations according to Tax Code article 52 for specific situations involving money returns without goods returns

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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