The tax authorities clarified some VAT issues for payers of the unified tax
23/03/22
On 22 March 2022 the tax authorities published on their official website a clarification on certain aspects of the application of the new legislation from the VAT perspective. The main points are:
- In case of transitioning to the third group of the unified tax with a 2% rate (from revenues), registration as a VAT payer is not canceled but is considered as suspended. All the transactions performed by a VAT payer while being on this tax system are not subject to VAT.
- After returning to the previous tax system, the VAT payer must self-assess VAT liabilities (according to para. 198.5 of Tax Code of Ukraine) on non-current assets as well as on goods/services in respect of which input VAT was recovered AND which were actually sold or used during the period of using the simplified tax regime.
- VAT refund for tax periods in which the taxpayer sold fuel using the 7% VAT rate is prohibited.
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