- When a correction calculation (RK) is made to reduce the compensation amount for goods/services, the negative VAT value is reduced for the relevant counterparty and reflected in the current reporting period.
- The reduction in tax credit is shown in line 14 of the VAT declaration.
- If the recalculation leads to a decrease in compensation for the supplier, the recipient must reduce their tax credit for that period, provided they are a registered VAT payer.
- Negative VAT amounts can be used to reduce previous tax debts or, if no debt exists, can be claimed for budget reimbursement within the limits set by tax law.
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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