Tax Obligations for Services Paid from Budget Funds: VAT Calculation Date and Requirements

• Tax obligations for services paid for with budget funds arise on the date the funds are credited to the taxpayer’s bank account
• Confirmation that goods/services are paid for with budget funds is indicated in the supply contract
• Tax invoice for such services should be issued on the date of receiving payment from the buyer
• Tax regulations do not allow for choosing the date of VAT tax obligations independently

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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