Taxation nuances of VAT on insurance operations in Ukraine

Insurance and reinsurance services are not subject to VAT in Ukraine.
Payment of insurance premiums is also not subject to VAT.
According to the Law on Insurance, insurance payments are monetary amounts paid by insurers in accordance with the terms of the insurance contract in the event of an insured event.
The size of insurance payments is determined by agreement between the insurer and the policyholder or in cases provided for by law.
The receipt or payment of insurance premiums does not affect the amount of tax credit or tax liabilities for either the insured person or the insurance company.

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.