- If a VAT payer submits an adjustment calculation to reduce VAT liabilities before the payment deadline, they must fill in line 18.2 of the adjustment calculation to include the amount in the corrective register.
- The adjustment calculation form is approved by the Ministry of Finance order No. 555 from 21.10.2021.
- Taxpayers must independently calculate and pay their tax liabilities within 10 calendar days after the deadline for submitting the tax declaration.
- If errors are found in previous declarations, taxpayers must submit an adjustment calculation and pay any underpaid amount plus a 3% penalty, except in certain cases specified by law.
- In some cases, if the taxpayer corrects errors according to the established procedure, they may be exempt from penalties and interest.
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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