- Reduction of VAT liabilities is shown in line 7.1, section I of the seller’s VAT declaration.
- Reduction of VAT credit is shown in line 14, section II of the buyer’s VAT declaration.
- Both parties must prepare adjustment calculations to tax invoices for advances received for undelivered goods/services, and register them in the Unified Register of Tax Invoices.
- When filling line 14, the buyer must submit Appendix 1, specifically table 2.2, detailing counterparties.
- The declaration form and its completion rules are approved by the Ministry of Finance orders and can be found on the official website.
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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