- Debtor must determine VAT obligations and register a tax invoice on the date of payment for the sold pledged property.
- The pledgee can satisfy claims using pledged property, including interest and damages, unless otherwise specified by the contract.
- Sale of pledged property is conducted by state or private executors based on court orders or notary writs.
- Pledged property is sold at auctions, including electronic ones, unless otherwise specified by the contract.
- Pledge rights cease if the pledgee acquires ownership of the pledged item.
- Acquiring ownership through foreclosure is considered a purchase transaction.
- VAT is applicable to supply transactions within Ukraine’s customs territory.
- Supply includes any transfer of ownership rights, including sales, exchanges, or gifts.
- Supply also includes transactions with commission fees for sales or purchases.
- Tax base for supply transactions is determined by contractual value, considering national taxes and fees.
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.
Latest Posts in "Ukraine"
- Self-Employed Earning Over 1 Million UAH in 2026: No Mandatory VAT Registration Required
- VAT Data Table Submission 2026: Key Steps and Checklist from the Tax Service
- Combined VAT Accounting in Ukraine: Proportional Tax Credit Using Cash and “First Event” Methods for 2026
- Ukraine Plans Mandatory VAT for Entrepreneurs Earning Over 4 Million UAH from 2027
- Ukraine Proposes VAT on All Low-Value Imports, Following EU’s Abolition of €150 Exemption
