- The property manager must register as a VAT payer and keep separate VAT records for transactions related to managed property.
- Property management agreements must be registered with tax authorities, and special tax accounting rules apply.
- The property manager submits a VAT registration application and supporting documents, including a notarized property management agreement.
- Each property management agreement is assigned a unique 9-digit taxpayer number for tax purposes, separate from the manager’s own business activities.
- VAT registration is required for each property management agreement, except for certain types of funds and institutions specified by 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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