- When writing off self-manufactured or grown products due to their inability to be used in business activities, taxpayers must calculate tax liabilities as specified in section 198.5 of the Tax Code
- According to section 189.1 of the Tax Code, the tax base for goods or services is determined based on their acquisition cost
- Under the guidelines of Order No. 1307 from December 31, 2015, taxpayers must issue separate consolidated tax invoices for goods or services and non-current assets used or starting to be used in operations not related to the taxpayer’s business activities
- In tax invoices, a mark X is placed in the upper left corner under the reason type, particularly type 13 for using production or non-production resources or other goods or services outside of business activities
- Details such as the dates and serial numbers of the tax invoices used for the tax credit are included in the description section of the consolidated tax invoices
- Certain fields in the tax invoices do not need to be filled except for those related to the use of production or non-production resources outside of business activities where reason type 13 is indicated
- The tax base for calculating such tax liabilities is based on the value of goods or services purchased with VAT and used in the production of such products
- In consolidated tax invoices issued under section 198.5 of the Tax Code for writing off such self-manufactured or grown products, the dates and serial numbers of the tax invoices included in the tax credit are mentioned in section 2
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.
