If the terms of the contract stipulate that guarantee payments (contributions) perform only 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 returned to the recipient of such goods / services, this amount of guarantee payments (contributions) does not increase the tax base of the supplier of goods / services. Tax liabilities by the supplier and tax credit by the buyer upon receipt / transfer of such guarantee payment are not determined.
Source: visnuk.com.ua
Latest Posts in "Ukraine"
- Majority of Ukrainians Oppose VAT on International Parcels, Cite Wartime Importance – Survey
- IMF Eases Program Terms for Ukraine, Raises VAT Threshold for Sole Proprietors to UAH 4 Million
- Government Will Not Submit VAT Bill for Sole Proprietors to Parliament in February 2026
- How to Remove a Taxpayer from the Risky List: Step-by-Step Exclusion Procedure
- Ukraine Considers Temporary Single Tax Relief for SMEs Amid Russia-Ukraine Conflict
