- Taxpayers using the cash method can include VAT amounts in the tax credit only if payment for goods/services is made and the relevant tax invoice is registered in the Unified Register of Tax Invoices (ЄРПН).
- If payment occurs after 1095 days from the date of the tax invoice, the taxpayer does NOT have the right to include the VAT amount in the tax credit.
- VAT amounts not included in the tax credit within 365 days due to lack of payment can be included in the reporting period when payment is made, but no later than 60 days after such payment.
- Both payment and proper registration of the tax invoice are required to claim the tax credit under the cash method.
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.
Latest Posts in "Ukraine"
- Court Upholds VAT Credit Overstatement Due to Supplier Lacking Transport and Employees: Case Law
- VAT on E-Services from Non-Residents: Key Rules for Tax Liability and Invoice Issuance
- VAT Implications When Equipment Payment Is Made by a Third Party in Ukraine
- VAT Payer Re-Registration and Deregistration: When and How It Happens in Ukraine
- Is VAT Charged on Reimbursement for Repair of Exported Goods by a Non-Resident?
