- According to the Civil Code of Ukraine, a creditor in an obligation can be replaced by another person through the transfer of their rights to another person.
- The transfer of debt agreement is usually a three-party agreement between the creditor, the original debtor, and the new debtor.
- The transfer of rights operation does not have tax consequences for VAT.
- VAT obligations and tax credits for sales and purchases of goods/services are formed according to the Tax Code of Ukraine.
- The transfer of debt operation does not involve the supply of goods/services, so there are no VAT obligations for the parties involved.
- Each specific case of taxation related to the transfer of rights should be considered with the relevant documents.
- For more detailed answers to specific questions, it is recommended to seek individual tax consultation from the controlling authorities.
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.
