VAT Credit Rules for Solar Power Plant Construction in 2026: General Principles and Timing

• The VAT credit for services related to the construction of a solar power plant is recognized according to general rules.
• The cash method for VAT applies only from the date the taxpayer actually starts supplying goods/services listed in p. 44 subsec. 2 sec. XX of the Tax Code.
• If the solar power plant is still under construction and not yet supplying electricity, the VAT credit for construction services is formed on the date of the “first event” (general rules), not by the cash method.

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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