Conditions for VAT exemption on goods destroyed during war: confirmation of destruction required.

• Confirmation of destruction (loss) of goods due to force majeure circumstances during the war period should be based on primary documents and the presence of a force majeure certificate
• In such cases, compensatory VAT does not need to be charged
• Goods purchased in taxable VAT transactions and destroyed (lost) due to force majeure circumstances during the war period are not considered used by the VAT payer in non-taxable VAT transactions or transactions that are not the economic activity of the taxpayer
• The Chamber of Commerce and Industry of Ukraine and its authorized regional chambers certify force majeure circumstances and issue a certificate of such circumstances within seven days of the business entity’s request for cost
• Accounting methodology issues are regulated by the Ministry of Finance, so taxpayers are advised to contact the Ministry of Finance of Ukraine for questions regarding the documentation and confirmation of the destruction (loss) of goods due to force majeure circumstances during the war period

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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