Tax officials reminded VAT payers about the procedure for taxing tour operator and travel agency activities. A tourist product, as a complex of tourist services, is considered as a single service for taxation purposes. The basis of VAT taxation is the difference between the cost of the tourist product (tourist service) supplied by him and the cost of expenses, incurred by such a tourist operator as a result of the purchase (creation) of such a tourist product (tourist service).
Source: dtkt.ua
Latest Posts in "Ukraine"
- Mandatory VAT Registration for Small Businesses: Ombudsman Warns of Risks and Urges Policy Review
- Draft Law Proposes VAT Exemption for Drone Supplies and Components for Ukraine’s Defense Needs
- VAT Accrual Date for Goods Paid via LiqPay, Portmone, or iPay Payment Systems
- VAT Accrual Date for Goods Paid via LiqPay, Portmone, or iPay Payment Systems
- VAT Accrual Date for Goods Paid via LiqPay, Portmone, or iPay Payment Systems
