Conditional Supply of Assets upon VAT Deregistration: When and How to Calculate Tax Liabilities

• Upon VAT deregistration, conditional supply of goods and non-current assets must be recognized if VAT credit was previously claimed and these assets were not used in taxable business operations.
• Tax liabilities must be determined based on the usual price of such goods/services or non-current assets in the final reporting period, no later than the deregistration date.
• Exceptions apply if deregistration is due to reorganization (merger, transformation, division, etc.) according to the law.

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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