- Operations providing charitable assistance are exempt from VAT
- Free supply of goods/services to charitable organizations and recipients is exempt
- Goods received as charitable assistance must be marked with “Charitable assistance. Sale prohibited”
- Legal entities receiving charitable assistance must keep accounting records and report to relevant authorities
- Goods received for charitable purposes through compensation must be confiscated
- Operations involving excisable goods, securities, and goods/services for business use are not exempt from taxation
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.
Latest Posts in "Ukraine"
- VAT Obligations for Apartment Sales with Installment Payments: Key Considerations and Compliance Requirements
- VAT Implications for Non-Charitable Computer Donations to Schools: Key Considerations
- VAT Exemptions for Services to Persons with Disabilities: Legal Opportunities and Requirements
- Online Meeting on VAT Data Submission: Odessa Tax Officials and Business Representatives Discuss Updates
- Guidelines for Completing Table 1.1 of Appendix 2 (D2) in VAT Tax Declaration
