- VAT liabilities are not accrued on operations involving the liquidation of non-current assets if resulting components or waste are used in business activities.
- Until January 1, 2027, VAT exemption applies to the supply and import of scrap and waste of ferrous and non-ferrous metals, as well as waste paper and cardboard for recycling.
- The list of exempted scrap and waste is approved by the Cabinet of Ministers of Ukraine.
- Export of these specified goods is also exempt from VAT.
- If goods/services or non-current assets are used partly in VAT-taxable and partly in non-taxable operations, the taxpayer must proportionally accrue VAT liabilities and register a consolidated tax invoice, based on the share used in non-taxable operations.
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.
Latest Posts in "Ukraine"
- Can Negative VAT Be Used to Repay VAT Debt? Penalties for Late Payment Explained
- Comarch EDI Integrates with Ukraine’s e-TTN Test System, Advancing Digital Freight Transport
- VAT Credit Formation for Temporary Import Operations with Conditional Partial Tax Exemption in Ukraine
- VAT in Municipal Enterprises: DPS Clarifies Taxation of Budget Funds and Non-Refundable Grants
- Voluntary VAT Registration: Who Can Apply and How to Submit the Application in Ukraine
