Is Property Management Agreement Subject to Mandatory VAT Registration?

• The management contract for property must be registered by the VAT payer.
• The VAT payer must be the property manager with separate VAT accounting if the total amount of taxable goods supplied to them in the last 12 months exceeds 1 million UAH (excluding VAT).
• The registration of management contracts for property is governed by the Procedure for the Registration of Taxpayers and Fees and the Regulation on the Registration of VAT Payers.
• The property manager must submit a registration application, along with other required documents, to the controlling authority.
• The property manager is assigned a 9-digit registration (accounting) number for tax payment and fulfilling obligations under the management contract.
• Individuals responsible for withholding and paying VAT to the budget during the execution of multiple management contracts must also register as VAT payers.

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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