- A correction calculation for reducing the compensation amount of goods or services on a tax invoice exempt from VAT must be registered in the Unified Register of Tax Invoices by the seller
- Tax invoices issued and registered in the Unified Register of Tax Invoices by the taxpayer for supplying goods or services serve as the basis for the buyer to accrue tax amounts related to the tax credit
- If a tax invoice is exempt from VAT, it should be noted as Without VAT with references to the relevant sections of the Tax Code or international treaties that provide the exemption
- Any changes in the compensation amount after the supply of goods or services, including price revisions or recalculations due to returns or prepayment refunds, require corresponding adjustments to the tax liabilities and tax credits based on a correction calculation
- The correction calculation made by the supplier of goods or services to the tax invoice must be registered in the Unified Register of Tax Invoices by the supplier if it increases the compensation amount or if it does not change the compensation amount
- The buyer must register the correction calculation if it reduces the compensation amount to the supplier after receiving the calculation from the supplier
- Since a tax invoice exempt from VAT does not contain a VAT amount, making a correction calculation to reduce the compensation amount does not affect the VAT tax liabilities of the supplier or the tax credit of the buyer
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.
