VATupdate

Supply of second-hand goods: how is the VAT tax base determined?

In cases where the taxpayer carries out activities for the supply of second-hand goods purchased from persons not registered as taxpayers, under agreements providing for the transfer of ownership of such goods, the tax base is the positive difference between the sale price and the purchase price of such goods in the manner prescribed by Sec. V TCU.

Source: visnuk.com.ua

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