Exporters of agricultural products purchased goods through a number of intermediaries with signs of fictitiousness, which, in turn, transferred non-cash funds to the address of the company that has a tax exemption for VAT, as financial assistance. Subsequently, the funds were transferred to importers of second-hand clothes, which were actually sold in cash. Thus, the cash received was used to purchase agricultural products.
Source: gov.ua
Latest Posts in "Ukraine"
- Court Upholds VAT Credit Overstatement Due to Supplier Lacking Transport and Employees: Case Law
- VAT on E-Services from Non-Residents: Key Rules for Tax Liability and Invoice Issuance
- VAT Implications When Equipment Payment Is Made by a Third Party in Ukraine
- VAT Payer Re-Registration and Deregistration: When and How It Happens in Ukraine
- Is VAT Charged on Reimbursement for Repair of Exported Goods by a Non-Resident?
