Taxpayers, attention! Regarding completion of Table 1 of Annex 2 to the VAT declaration
Press service of the State Tax Service of Ukraine , published 02 December 2024 at 11:38 Chapter: News
Regarding the filling in of line “Amount of negative value not exceeding amount calculated according to Paragraph 2001.3 Article 2001 Section V of the Tax Code of Ukraine (hereinafter – Code) at the time of filing tax declaration, minus amount credited to reduction of the value added tax debt amount (line 20 – line 20.1 of declaration of the reporting (tax) period)” of Table 1 Annex 2 to the VAT declaration (hereinafter – declaration)
Paragraph 5 Section V of Procedure for filling in and submitting the value added tax reporting, approved by Order of the Ministry of Finance of Ukraine № 21 as of 28.01.2016, registered in the Ministry of Justice of Ukraine on 29.01.2016 under № 159/28289 with changes stipulates that if result of calculating difference between the tax liabilities amount (line 9 of declaration) and tax credit (line 17 of declaration) is a negative value, then line 19 of declaration is filled in. Filling in line 19 of declaration, it is obligatory to submit Annex 2 to declaration.
Line 19 of declaration determines amount by which the negative value exceeds amount calculated according to Paragraph 2001.3 Article 2001 Section V of the Code at the time of filing declaration. Determined amount is indicated in line 19.1 of declaration and is included in tax credit of the next reporting (tax) period (line 21 of declaration).
Amount of the negative value, not exceeding amount calculated according to Paragraph 2001.3 Article 2001 Section V of the Code at the time of filing declaration (line 19 - line 19.1), is indicated in line 20 of declaration and:
is credited to reduction of the tax debt amount that arose for the previous reporting (tax) periods (including installments or deferred according to the Code) (reflected in line 20.1 of declaration); or is subject to budgetary reimbursement (reflected in line 20.2 of declaration): to the payer's account with a bank / non-bank payment service provider (reflected in line 20.2.1 of declaration) and/or to the payment account of monetary obligations or the tax debt repayment from other payments paid to the State budget of Ukraine (reflected in line 20.2.2 of declaration).
Calculation of the amount of budgetary reimbursement is carried out within amount calculated according to Paragraph 2001.3 Article 2001 Section V of the Code at the time of filing tax declaration, minus negative value of the current reporting (tax) period, included in reduction of the value added tax debt amount.
Taking into account above specified, line “Amount of negative value not exceeding amount calculated according to Paragraph 2001.3 Article 2001 Section V of the Code at the time of filing tax declaration, minus amount included in reduction of the value added tax debt amount (line 20 - line 20.1 of declaration of the reporting (tax) period)” of Table 1 Annex 2 to declaration is subject to obligatory completion in case of declaring:
amount of negative value subject to budgetary reimbursement (line 20.2 of declaration);
amount of negative value included in the tax credit of the next reporting (tax) period (line 21 of declaration), and is calculated as difference between amount of line 20 and line 20.1 of declaration of the reporting (tax) period.
Remaining negative value after deducting the tax debt amount and amount of budgetary reimbursement (line 20 - line 20.1 - line 20.2) is reflected in line 20.3 of declaration. Amount of negative value that is included in the tax credit of the next reporting (tax) period (line 19.1 + line 20.3) is reflected in line 21 of declaration and transferred to line 16.1 of declaration of the next reporting (tax) period.