Export of previously imported fixed assets under financial leasing agreement: VAT implications

• Return of property received under financial leasing is considered as its supply, therefore the operation of exporting such property that was imported into Ukraine under a financial leasing agreement is subject to VAT taxation at a zero rate
• The object of VAT taxation is the operations of taxpayers with exporting goods beyond the customs territory of Ukraine
• For goods, the date of tax liabilities is the date of customs declaration confirming the crossing of the Ukrainian customs border, and for services, it is the date of document confirming the provision of services by the taxpayer
• Export operations are taxed at the rate determined by the tax code
• Export operations are taxed at a zero rate, including the export of goods beyond the customs territory of Ukraine in the export customs regime
• Goods are considered exported beyond the customs territory of Ukraine if confirmed by a properly completed cargo customs declaration
• Return of property received under financial leasing is considered as its supply, and the operation of exporting (returning to a non-resident) property imported into Ukraine under a financial leasing agreement is subject to VAT taxation at a zero rate if confirmed by a properly completed cargo customs declaration
• If the return of property received under financial leasing is placed in the re-export customs regime, the operation of exporting (returning to a non-resident) property imported into Ukraine under a financial leasing agreement is exempt from taxation

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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