- Writing off a non-resident’s receivables due to expiration of the statute of limitations or under a debt forgiveness agreement does not create VAT tax consequences for the company.
- The date of VAT liability for goods/services is determined by the earlier of payment receipt or goods/services delivery.
- In cases of receivables write-off (monetary) from non-residents, no VAT obligations arise for the enterprise.
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"
- General VAT Tax Consultation on Computer Software and Digital Content Operations Approved in Ukraine
- Finance Ministry Unveils Major Tax Bill Introducing New VAT Rules and Revenue Measures
- Tax Invoice and Shipment Date: DPS Clarifies VAT Liability and Tax Credit Determination
- Proportion of Goods Use for VAT Adjustment When Deregistering a Taxpayer in Ukraine
- How to Request and Obtain an Extract from the VAT Payers Register in Ukraine
