- If the percentage of non-taxable operations is less than 0.01 percent, VAT is not charged, and Appendix 5 is not submitted.
- According to tax regulations, if goods or services are used partially in taxable and non-taxable operations, tax obligations must be calculated based on the taxable base.
- The percentage of goods or services used in taxable operations is determined annually based on the previous year’s data.
- New taxpayers or those with new non-taxable operations calculate the percentage based on the first reporting period’s data.
- The calculation is submitted with the tax declaration for the reporting period.
- An annual recalculation is done based on actual operations for the year.
- Adjustments to tax obligations are made according to the calculated percentage and reflected in the year’s final tax declaration.
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.
