- Operations involving the payment of insurance premiums are not subject to VAT.
- Insurance and reinsurance services provided by licensed entities are not VAT taxable.
- Insurance payouts are monetary amounts paid by insurers in case of insured events, as per contract or law.
- The payment or receipt of insurance payouts does not affect the VAT credit or liabilities of either the insured or the insurer.
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.
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