The Ukraine State Fiscal Service recently issued a guidance letter concerning the VAT obligations of a taxpayer that has written off goods. The letter notes that in accordance with Article 198.5 of the Ukraine Tax Code, input tax credits that have been deducted for goods, services, and fixed assets must be repaid if such goods, services, and fixed assets cease to be used for economic (business) activities. Based on this, input tax that has been deducted on goods that were written off, including damaged goods, must be repaid by the end of the VAT period in which the write-off occurred.
Source Orbitax
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