VAT Taxpayer Registration:
- Voluntary registration,
- Mandatory registration,
- Conditional registration.
Mandatory registration:
A taxpayer becomes subject to VAT registration when their annual turnover reaches 10,000 times the Monthly Calculation Index (MCI), as of January 1 of the corresponding financial year.
The registration is based on a tax statement, which the taxpayer must submit within 5 working days from the date they exceed the maximum turnover threshold..
In the case of a transaction exceeding the maximum turnover threshold, the taxpayer submits a tax statement before the transaction is completed.
Not subject to mandatory registration:
1) state institutions;
2) structural divisions of resident legal entities;
3) individuals engaged in private practice;
4) taxpayers applying a special tax regime (STR for the self-employed, based on the simplified declaration, for farm households);
5) individuals.