The VAT amount indicated in the tax invoice which has been timely registered in Unified Register of Tax Invoices may be incorporated into the tax credit during the year.
In the letter № 22208/6/99-99-19-03-02-15 State Fiscal Servicespecified the terms for incorporation of tax invoices timely registered in Unified Register of Tax Invoices into the tax credit.
Law of Ukraine as of July 16, 2015 № 643-VII «On Amendments Introduction into the Tax Code of Ukraine regarding the Improvement of Administrative VAT Tax», which entered into force on 29.07.2015 in particular changed the Tax Code norms designating the terms for incorporation into tax credit of the tax invoices obtained from the suppliers and registered in Unified Register of Tax Invoices.
Paragraph 198.3 of article 198 of the Tax Code of Ukraine provides that the tax credit of the reporting period shall be designated on the basis of the agreed cost for goods/services and shall consist of the tax amounts charged by the tax payer at the rate determined in paragraph 193.1 of article 193 of the Tax Code during given reporting period.
In accordance with paragraph 198.6 of article 198 of the Tax Code in case the tax payer have not incorporated in the relevant reporting period the VAT amount into the tax credit based on the obtained tax invoices being registered in Unified Register of Tax Invoices, he shall reserve such right within 365 calendar days from the date of tax invoice issuance.
Therefore, VAT amount indicated in the tax invoice (developed before and after 29.07.2015) being timely registered in Unified Register of Tax Invoices may be incorporated into tax credit within 365 calendar days from the date of tax invoice issuance.
Please note that prior to the enforcement of the Law №643 the tax invoices issued based on the operations of goods/services supply and timely registered in Unified Register of Tax Invoices, have been included into the tax credit of the tax (reporting) period of their issuance date.
Source of information:http://www.l-a.com.ua/eng/news/2516/
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