- Budget institutions that are VAT payers must comply with the requirements of the Tax Code of Ukraine (PKU) regarding the formation of tax credit, regardless of whether the purchased goods are used in taxable operations or not.
- Budget institutions can engage in activities related to the provision of exempted VAT services, the supply of goods/services subject to VAT, and activities funded by the budget.
- The rules for forming tax obligations and tax credit with VAT are established by the PKU and are mandatory for all VAT payers.
- The date of occurrence of VAT tax obligations for the supply of goods/services is determined by the date of receipt of funds from the buyer/customer or the date of shipment of goods/document confirming the provision of services.
- When conducting operations with the supply of goods/services, VAT payers must issue and register a tax invoice within the specified PKU deadline.
- Tax credit is calculated regardless of whether the goods/services have been used in taxable operations during the reporting period.
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.
