- The date of VAT liability for the seller of real estate is the earlier of the date of receipt of funds from the buyer or the date of the document confirming the transfer of ownership.
- For long-term contracts, the date of VAT liability for the contractor is the date of actual delivery of the results of work under such contracts.
- A long-term contract is any contract for the manufacture of goods, performance of work, or provision of services with a long (more than one year) technological production cycle, and if the contracts concluded for the production of such goods, performance of work, or provision of services do not provide for their phased delivery.
- The date of VAT credit for the customer is the date of actual delivery of the results of work under such contracts.
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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