- VAT is calculated on the advance payment in foreign currency for services provided to a non-resident in Ukraine.
- The VAT liability is determined on the date the funds are credited to the current account.
- The official exchange rate of the hryvnia to foreign currencies on the date of VAT liability determination is used.
- According to Article 188.1 of the Tax Code, the tax base for goods and services is based on their contractual value, including national taxes and fees.
- Article 187.1 of the Tax Code states that the date of tax obligations for goods and services is the earlier of two events: the date funds are credited to the taxpayer’s account or the date of goods shipment or service provision.
- The official exchange rate of the hryvnia to foreign currencies and the accounting price of bank metals are set by the National Bank of Ukraine and take effect the next working day after establishment.
- The official exchange rate and accounting price set on the last working day of the week or pre-holiday day are valid during the following weekends or holidays.
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.
