- The day a VAT registration is cancelled is the last day the person remains a VAT payer and may issue and register VAT invoices in the Unified Register.
- In the final VAT reporting period, which ends on the cancellation date, the taxpayer must determine VAT liabilities for goods/services and fixed assets previously included in input tax credit but not used in taxable business activities, based on ordinary value.
- VAT registration may be cancelled on the earliest applicable date, including taxpayer request, tax authority decision, court decision, termination of relevant agreements, loss of VATpayer status, or state registration of termination of a legal entity/entrepreneur.
- The obligation to issue a VAT invoice arises on the date of tax liability, so an invoice must be prepared and registered on the cancellation day if liabilities arise that day.
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.
Latest Posts in "Ukraine"
- Ukraine: VAT Credit Can Be Claimed Within 365 Days After Invoice Registration
- Ukraine: VAT Consequences for Commission Goods Destroyed at Warehouse
- Ukraine: Surplus Inventory Recording Not Subject to VAT
- Ukraine ends VAT exemption on low-value imported parcels
- Ukraine Adopts VAT on Low-Value Imports and Marketplace Sales from July 2027
