Published 30 July 2018. Some rules have changed since; ask us for the current position.
One adjustment calculation, several reasons
Many taxpayers ask whether a single VAT adjustment calculation (розрахунок коригування) submitted to the tax authority can cover several different reasons for adjustment. Situations vary, and the need for an adjustment can arise unexpectedly. The answer is in paragraph 21 of the Procedure for Completing a Tax Invoice, approved by Ministry of Finance of Ukraine Order No. 1307 of 31 December 2015.
The order…
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Published 27 July 2018. Some rules have changed since; ask us for the current position.
Is there a penalty if a tax return is filed late through no fault of the taxpayer?
According to individual tax ruling No. 3232/6/99-99-12-02-01-15/ІПК issued by the State Fiscal Service (ДФС) on 23 July 2018, if a company has been seized by raiders or forced to suspend operations and therefore cannot file all the required returns with the tax authority on time, the tax authorities take these circumstances into account and do not…
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Published 26 July 2018. Some rules have changed since; ask us for the current position.
Gas prices stay unchanged until September
A minister has announced that the price of gas will stay at its current level until 1 September. The decision was taken at a meeting on 26 July.
A month earlier, in talks with the International Monetary Fund (IMF), the need to raise gas prices had been discussed. Many will remember that Ukraine had a hard time from July 2017, with difficult negotiations with the IMF over gas.
The Fund firmly insisted…
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Published 26 July 2018. Some rules have changed since; ask us for the current position.
Tax invoice registered late: can the buyer still claim a VAT refund?
The State Fiscal Service of Ukraine (Державна фіскальна служба, ДФС) has clarified that the right to a budget refund of VAT is retained even when a tax invoice (податкова накладна) was registered late.
Individual tax ruling No. 3190/6/99-99-15-03-02-15/ІПК explains which amounts do not form part of input VAT (tax credit) and how they are taken into account…
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Published 25 July 2018. Some rules have changed since; ask us for the current position.
A shortage of money in the Pension Fund of Ukraine (Пенсійний фонд України) has led to a decision to lend it funds from the state treasury.
Tetiana Sliuz, speaking for the agency, said the Pension Fund did not have enough money to pay off pension arrears for July. A meeting was held a few days ago at which the Prime Minister approved a loan to cover the cash gap.
She also stressed that the State Treasury Service owes nothing to the Pension Fund and that responsibility for the…
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