- Adjustments to tax liabilities and tax credit based on a correction calculation to a tax invoice are reflected in the VAT tax return for the reporting period in which the correction was made and registered in the Unified Register of Tax Invoices (ЄРПН).
- The supplier can decrease tax liabilities only after the correction calculation is registered in ЄРПН.
- The recipient can increase the tax credit only after the supplier registers the correction calculation in ЄРПН.
- If VAT was not included in the tax credit in the relevant reporting period, it can still be included within 365 calendar days from the date of the tax invoice or correction calculation.
- VAT amounts from invoices or corrections registered late are included in the tax credit for the reporting period in which they were registered.
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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