Guarantee payments perform exclusively the function of a means of securing the fulfillment of obligations and in accordance with the terms of the contract are not credited for payment for goods / services, but are returned to the recipient of such goods / services. Therefore, the amount of guarantee payments does not increase the tax base of the supplier of goods / services
Source: dtkt.ua
Latest Posts in "Ukraine"
- Ukraine Advances VAT Reform for International E-Commerce Parcels
- VAT Credit Date: When VAT Can Be Included in Tax Credit
- VAT on Corporate Rights Sales: Tax Authorities Explain Input Tax Allocation under Article 199
- VAT Form 1-VAT Submission Deadlines Explained at Rivne Tax Hotline
- Ukraine May Raise VAT to Fund Business War Insurance Fund
