VAT on Imported Goods into Ukraine: Inclusion in Tax Credit for Free Goods Received

• VAT paid when clearing goods imported into the customs territory of Ukraine for free receipt is included in the taxpayer’s tax credit based on a properly completed customs declaration
• Tax credit for the reporting period is determined based on the contractual value of goods/services and includes taxes paid by the taxpayer during the reporting period, particularly in relation to importing goods/assets into the customs territory of Ukraine
• Tax credit accrual is independent of whether the goods/services/assets are used in taxable transactions within the taxpayer’s business activities during the reporting period
• The customs declaration confirming tax payment is considered the document entitling the inclusion of tax amounts in the tax credit
• The tax payment date for imported goods determines the inclusion of tax amounts in the tax credit
• The taxable base for imported goods is the contractual value, not lower than the customs value, considering customs duty and excise tax
• For tobacco products, tobacco, and industrial tobacco substitutes imported into Ukraine, the taxable base is the maximum retail price excluding VAT
• VAT paid when clearing imported goods for free receipt is included in the taxpayer’s tax credit based on a properly completed customs declaration
• Taxpayers are required to calculate tax liabilities based on the taxable base and register a consolidated tax invoice for goods/services/assets purchased/manufactured with VAT within the specified deadline

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.

---

---