- The date of occurrence of the lessor’s financial leasing operations is the date of actual transfer of the object of financial leasing to the possession and use of the lessee.
- According to the Tax Code of Ukraine, the object of VAT taxation includes operations of taxpayers, including the transfer of objects of financial leasing to the possession and use of the lessee.
- The tax base for supply of goods/services is determined based on their contractual value, taking into account general state taxes and fees.
- The tax base for supply of goods/services cannot be lower than the purchase price of such goods/services.
- Certain goods/services are exempt from VAT taxation, such as those subject to state regulation, gas supplied for the needs of the population, and electricity with market prices.
- Transfer of property in trust, concession, and leasing (except for financial leasing) are not subject to VAT taxation.
- The date of occurrence of tax obligations for lessors (lessors) for financial leasing operations is the date of actual transfer of the object of financial leasing to the possession and use of the lessee.
Source: news.dtkt.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.
