- VAT is not charged when fixed assets are liquidated due to destruction or dismantling, making them unusable, provided proper documentation is submitted.
- Liquidation of fixed assets by the taxpayer’s own decision is generally treated as a supply and subject to VAT, based on regular prices but not below book value.
- Exceptions apply if liquidation is due to force majeure, theft, or destruction, or if the taxpayer submits documents proving the assets cannot be used as intended.
- The current tax guidance (Order No. 673) confirms these rules and can be used by taxpayers in their activities.
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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