- A taxpayer declared VAT payable for December 2025 but lacks funds to pay on time; expects a negative VAT value in January 2026.
- The taxpayer asks if the negative VAT in January can be used to offset the December debt and avoid penalties.
- The tax authority confirms this is possible, but a penalty will still apply for late payment.
- The law requires VAT obligations to be paid within 10 days after the filing deadline; late payment results in tax debt and 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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