- Re-registering as a sole proprietor does not reset previous turnover for VAT purposes.
- VAT registration becomes mandatory if total operations over the last 12 months exceed UAH 1,000,000 (excluding VAT), including sales made before the business was closed.
- Prior turnover is counted regardless of the tax system used at the time (simplified or general).
- The tax authority treats all operations within the last 12 months as one combined total, even after repeated registration.
- Entrepreneurs should monitor turnover carefully after re-registration to avoid late VAT registration and possible penalties.
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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