- Operations involving the payment of insurance premiums are not subject to VAT.
- Insurance and reinsurance services are not VAT taxable if provided by licensed entities.
- Payment or receipt of insurance payments does not affect VAT tax credit or liabilities for either the insured or the insurer.
- Definitions of insurance payment, insurance sum, and insurer are provided according to Ukrainian law.
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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