- The volume of supply for VAT registration is calculated based on the supply of goods and services within commission agreements.
- A commission agent provides services on behalf of a principal and receives a commission fee.
- VAT is applicable to transactions where the place of supply is within Ukraine’s customs territory.
- The tax base for goods and services in commission agreements is determined by their supply value.
- Registration as a VAT payer is required if the total taxable supply exceeds 1,000,000 UAH in the last 12 months.
- Taxable operations include those subject to standard, zero, 7, and 14 percent VAT rates, as well as exempt operations.
- Non-taxable operations are not included in the total supply volume calculation.
- The definition of supply and the volume over the last 12 months are crucial for determining VAT registration necessity.
- In commission agreements, the supply volume includes goods and services transferred or received.
Source: od.tax.gov.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.
