- Mandatory VAT registration is required if taxable transactions exceed 1 million UAH (excluding VAT) within the last 12 months, except for single tax payers of groups 1–3.
- The registration application must be submitted to the tax authority no later than the 10th day of the month following the month when the threshold is reached.
- Certain persons must register as VAT payers regardless of transaction volume, including those dealing with confiscated or ownerless property, or property inherited by the state.
- Failure to submit the registration application on time results in liability for unpaid VAT as if registered, without the right to a tax credit or budget reimbursement.
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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