When to Accrue VAT on Google Services Paid by Card: Determining the Tax Invoice Date

VAT tax liabilities and the tax invoice for electronic services from a non-resident (e.g., Google) paid by a corporate card must be recognized on the date when funds are debited from the resident (VAT payer) company’s bank account, not the card transaction date, according to the “first event” rule in the Tax Code.

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.

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