- VAT registration is canceled if a business or individual no longer meets requirements, ceases activity, or switches to a simplified tax system.
- Grounds for cancellation include low taxable turnover, business closure, switching to non-VAT tax regimes, inactivity, court decisions, or death/incapacity.
- Application for cancellation is submitted using form No. 3-PDV, either in person or electronically.
- The tax authority reviews the application within 10 days, may approve, request corrections, or deny based on legal grounds; if no application is submitted, cancellation can be initiated by the authority.
- After cancellation, the entity loses the right to VAT credit and cannot issue tax invoices.
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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