STS: VAT invoices are now excluded from monitoring if the amount of supply of goods/services specified in them does not exceed UAH 5000

What happened? The Resolution of the Cabinet of Ministers of December 23, 2022, No. 1428 which amended the Procedure for suspending the registration of a tax invoice/adjustment calculation in the Unified Register of Tax Invoices, entered into force today.

Source. The press service of the State Tax Service. 

Details. According to the new rules, the registration of all invoices, which have been blocked since October 14, 2022, is fully resumed, provided that the taxpayer submits a completed data table indicating the codes of goods or services in accordance with the classifiers of UCG FEA and SCPS, respectively.

In addition, VAT invoices are excluded from the monitoring if:

- the amount of supply of goods/services specified in them does not exceed UAH 5000;

- in adjustment calculations, the absolute value of the amount of adjustment to reduce/increase the amount of compensation does not exceed UAH 5,000.

The allowable amount of such transactions in the current month is limited to the number of transactions totaling 500,000 UAH.

To recap, in October 2022, the Cabinet of Ministers adopted Resolution No. 1154 on amendments to the procedure for registering tax invoices. According to the document, the registration of a document in the Unified Register of Tax Invoices is blocked if the taxpayer meets at least one of the risk criteria provided for by the resolution. Previously, tax invoices were blocked for taxpayers who fell under at least three such criteria.