- The article discusses whether VAT from one consolidated tax invoice can be split and claimed in parts across different months.
- The taxpayer asked the tax authority if partial tax credit recognition is allowed for one registered consolidated invoice within the 365-day limit.
- The tax authority said no: VAT from a single invoice cannot be arbitrarily divided between reporting periods.
- It cited that tax credit is based on the first event, a registered invoice is the basis for credit, and reporting is done separately for each period, not cumulatively.
- The practical alternative is to issue several consolidated invoices if VAT needs to be recognized in parts.
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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