VAT Registration Cancellation: Key Points, Grounds, Application Process, and Consequences for Taxpayers

• VAT payer registration is canceled if taxable goods/services in the last 12 months are under 1 million UAH and the payer submits an application.
• Other grounds for cancellation include business closure, switching to a simplified tax system without VAT, not submitting VAT returns for 12 months, court decisions, or the death/incapacity of an individual.
• The application for cancellation is submitted using form No. 3-PDV, either in person or electronically.
• The tax authority reviews the application within 10 days and either cancels the registration, requests corrections, or refuses if there are no legal grounds.
• After cancellation, the entity loses the right to VAT credit and cannot issue tax invoices.

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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