- VAT obligations for developers arise when selling apartments in installments.
- If the sale of apartments was not initially planned, VAT obligations are determined on the date of actual use in non-taxable operations.
- Taxpayers must calculate VAT obligations based on the tax base as per the Tax Code.
- A consolidated tax invoice must be registered by the end of the reporting period.
- VAT obligations are determined for goods and services acquired for non-taxable operations on the date of acquisition.
- For goods and services initially acquired for taxable operations but used in non-taxable operations, VAT obligations are determined on the date of actual use.
- Taxpayers must independently assess the compliance of their operations with the Tax Code.
- If the decision to sell apartments is made later, VAT obligations are determined based on primary documents.
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"
- EU Council Approves Customs Duty Cuts on Ukrainian Agri-Food Products
- VAT Exemption for Defense Goods Supply by Subcontractors to State Contract Executors
- VAT Tax Credit Treatment for Expired Creditor Debt Write-offs from Resident Suppliers
- VAT Taxpayer Re-registration Form Requirements and Reason Field Completion Rules
- VAT Budget Refund: Who Has the Right to Claim It
