- According to the National Accounting Standard 8 “Intangible Assets”, intangible assets are non-monetary assets that can be identified.
- The Tax Code of Ukraine states that taxable operations include the supply of goods and services.
- Goods include both tangible and intangible assets.
- Intangible assets can be written off from the balance sheet if they are no longer beneficial to the company.
- Tax obligations should be calculated based on the taxable base and registered in the Unified Register of Tax Invoices.
- If fixed assets are liquidated by the taxpayer’s decision, it is considered as a supply of assets at market prices.
- When intangible assets are written off due to the inability to derive economic benefits, tax obligations should be calculated.
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.
