- The usual price for VAT taxation is determined based on the price agreed by the parties, unless otherwise specified by the Tax Code of Ukraine (PCU).
- If not proven otherwise, the usual price is considered to match the market price, except for controlled transactions under Article 39 of the PCU.
- For goods/services subject to state price regulation, the usual price is the regulated price, but not lower than the minimum or indicative price if such is set.
- If an appraisal is mandatory for the transaction, the appraised value is used as the usual price for tax purposes.
- To obtain official sources of market prices, one should contact the Ministry of Economy, Environment, and Agriculture of Ukraine.
Source: od.tax.gov.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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