- VAT amounts paid on import of goods or fixed assets can be included in the tax credit if confirmed by a customs declaration.
- If such VAT amounts were mistakenly not included in the tax credit, the taxpayer can correct this by submitting an adjustment calculation.
- The adjustment must be submitted within the statute of limitations.
- The customs declaration serves as the document confirming the right to include VAT in the tax credit.
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"
- Can Negative VAT Be Used to Repay VAT Debt? Penalties for Late Payment Explained
- Comarch EDI Integrates with Ukraine’s e-TTN Test System, Advancing Digital Freight Transport
- VAT Credit Formation for Temporary Import Operations with Conditional Partial Tax Exemption in Ukraine
- VAT in Municipal Enterprises: DPS Clarifies Taxation of Budget Funds and Non-Refundable Grants
- Voluntary VAT Registration: Who Can Apply and How to Submit the Application in Ukraine
