Determining the Normal Price for VAT Taxation Operations in Ukraine

• The usual price is considered to be the price of goods (works, services) determined by the parties to the contract, unless otherwise provided by the Tax Code of Ukraine.
• If not proven otherwise, it is assumed that such usual price corresponds to the level of market prices.
• The base for taxation of supply operations is determined based on the contractual value of goods/services, taking into account state taxes and fees.
• The base for taxation cannot be lower than the usual prices, including for self-made goods/services.
• If prices are subject to state regulation, the usual price is considered to be the price established according to the rules of such regulation.
• In cases of auctions or forward/futures contracts, the usual price is determined based on the results of the auction or the forward/futures price.
• In cases of forced sales or transfers of property, the usual price is the price formed during such sales.
• Market price is the price at which goods (works, services) are transferred to another owner under voluntary conditions, with both parties being legally and factually independent and having sufficient information about the market prices of identical (or similar) goods (works, services) under comparable economic conditions.

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.

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