- When correcting line 21 of the VAT declaration, which affects lines 18 or 20.2 in future periods, a separate adjustment calculation must be submitted for each reporting period affected.
- The calculation form and procedure for VAT reporting are established by the Ministry of Finance Order No. 21 from 28.01.2016.
- Taxpayers must keep separate records of taxable, non-taxable, and exempt transactions and reflect summarized results in VAT declarations.
- Lines 18, 19, 21, and 16.1 of the VAT declaration are filled based on the results of the reporting period and the nature of the calculated values.
- The procedure for submitting adjustment calculations for self-identified errors is defined in Order No. 21 and the Tax Code, with specific rules for corrections and reporting.
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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