- The tax authority may remove VAT amounts from the buyer’s tax credit if the supplier did not include such VAT in their tax liabilities.
- A registered tax invoice in the Unified Register is required for the buyer to claim VAT credit.
- If the supplier fails to register the tax invoice, the buyer cannot include the VAT in their tax credit.
- Discrepancies between tax declarations and the Unified Register data can trigger an unscheduled audit of both the supplier and, in some cases, the buyer.
- The tax authority is obligated to independently determine tax liabilities if underreporting is found and will issue a tax notice-decision accordingly.
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"
- VAT Treatment for Demolition and Liquidation of Fixed Assets During Building Reconstruction
- How to Remove a Taxpayer from the Risky List: Required Documents and Submission Procedure
- Property Management and VAT Registration: Tax Authority Requirements and Procedures for Trustees
- How to View VAT Payer Data Table Decisions in the Electronic Cabinet
- VAT Implications of Asset Transfers in Joint Activities: Taxable Transactions and Return of Goods/Services
