- Operations of first supply of affordable housing and housing constructed with state funds are exempt from VAT taxation.
- According to the Tax Code of Ukraine, these operations are exempt from VAT.
- The support for the construction and acquisition of affordable housing is provided through state and/or local budget funds.
- The funds allocated in the state budget for this support are used in accordance with the optimization of budget programs.
- To qualify for the VAT exemption, the following conditions must be met: the operation must be the first supply of the housing, and it must be carried out with state support for construction or acquisition.
- Only if all these conditions are met, the operations of first supply of affordable housing and housing constructed with state funds will be exempt from VAT taxation in proportion to the amount of funds raised.
Source: od.tax.gov.ua
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.
