The Main Department of the State Traffic Police in Donetsk region informs that according to Art. 1077 of the Civil Code of Ukraine of January 16, 2003 № 435-IV as amended (hereinafter – CCU) under the factoring agreement one party (factor) transfers or undertakes to transfer funds to the other party (client) for a fee (in any -which is provided by the contract), and the client assigns or undertakes to assign to the factor his right to a monetary claim against a third party (debtor).
Source: visnuk.com.ua
Latest Posts in "Ukraine"
- Ukraine Plans VAT for Entrepreneurs, Ends Parcel Exemptions: Impact on Business and Consumers
- VAT Registration Cancellation: Rules, Application Procedure, and Key Deadlines for Taxpayers
- How to Correct VAT Invoice Errors When Buyer Turns Out to Be a VAT Payer?
- Calculation of Supply Volume for VAT Registration under Commission Agreements in Ukraine
- VAT Deregistration: What Happens to the Cash Method for Tax Obligations?
