- A sole proprietor does not need to pay VAT on commission fees for using payment systems
- The place of supply for payment operation services is determined by the supplier’s registration location
- If the services are provided by resident sole proprietors, VAT is not applicable
- If the services are provided by non-resident sole proprietors, VAT is also not applicable
- Sole proprietors do not need to pay VAT when purchasing services from payment service providers, regardless of the supplier’s residency status.
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.
Latest Posts in "Ukraine"
- VAT Registration for New Single Tax Payers: Is Simultaneous Registration Possible?
- EU Council Approves Customs Duty Cuts on Ukrainian Agri-Food Products
- VAT Exemption for Defense Goods Supply by Subcontractors to State Contract Executors
- VAT Tax Credit Treatment for Expired Creditor Debt Write-offs from Resident Suppliers
- VAT Taxpayer Re-registration Form Requirements and Reason Field Completion Rules
