For how long after termination of the martial law can the tax credit declared by taxpayers during its validity be specified?

Information and Reference Department, published 22 April 2022 at 10:54 Chapter: News

Paragraph 32 Note 2 of Sub-section 2 Section XX of the Tax Code of Ukraine as of 02.12.2010 № 2755-VI (hereinafter - TCU) stipulates that temporarily, for the martial law period, taxpayers for the purchase of goods / services for which suppliers have not registered tax invoices and / or adjustment calculations to them in the Unified Register of Tax Invoices, include the VAT amount in tax credit for reporting period that were paid (accrued) as a part of cost of purchased goods / services based on the primary (settlement) documents available to payer, drawn up (received) by taxpayer for the purchase of goods / services according to the Law of Ukraine as of 16.07.1999 № 996-XIV “On accounting and financial reporting in Ukraine” with changes and amendments to the Law of Ukraine “On accounting and financial reporting in Ukraine”.

Within six months after termination or abolition of the martial law, taxpayers are required to ensure registration of all tax invoices and adjustment calculations in the Unified Register of Tax Invoices, registration of which is postponed for the martial law period; tax credit declared by taxpayers during the martial law on the basis of payer’s primary (settlement) documents is subject to mandatory clarification (adjustment) taking into account data of tax invoices and adjustment calculations registered in the Unified Register of Tax Invoices.

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