In order to avoid the risk of the tax authorities challenging the company’s expenses for income tax purposes, accrual of VAT liabilities or non-resident income tax (such as, in connection with reclassifying payments for services received as payment for engineering services or royalties), the company needs to have proper documentation of the received services.
Source: KPMG
Latest Posts in "Ukraine"
- VAT Exemption for Defense Goods Supply by Subcontractors to State Contract Executors
- VAT Tax Credit Treatment for Expired Creditor Debt Write-offs from Resident Suppliers
- VAT Taxpayer Re-registration Form Requirements and Reason Field Completion Rules
- VAT Budget Refund: Who Has the Right to Claim It
- When is it beneficial for entrepreneurs to become VAT payers?
