- Rules for determining the date of occurrence of tax liabilities for the performer of a long-term contract and the date of crediting tax amounts to the tax credit for the customer of a long-term contract are special and apply to all categories of taxpayers without exception
- According to the tax authorities, the date of occurrence of tax liabilities in case of supply of goods/services with payment from budget funds is the date of crediting such funds to the taxpayer’s account in the bank/ non-bank payment service provider or the date of receiving compensation in any other form
- The date of occurrence of tax liabilities for the performer of long-term contracts, except for contracts for construction of housing, is the date of actual transfer of results of work under such contracts
- Long-term contract is any contract for production of goods, performance of work, provision of services with a long-term (more than one year) technological production cycle
- Date of crediting tax amounts to the tax credit for the customer of long-term contracts is the date of actual receipt of results of work under such contracts
- Rules for determining the date of occurrence of tax liabilities for the performer of a long-term contract and the date of crediting tax amounts to the tax credit for the customer of a long-term contract apply to all categories of taxpayers, with tax liabilities arising for the performer according to specific rules and tax amounts being credited to the customer according to specific rules.
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.
