- Writing off a non-resident’s receivables due to expiration of the statute of limitations or under a debt forgiveness agreement does not create VAT tax consequences for the company.
- The date of VAT liability for goods/services is determined by the earlier of payment receipt or goods/services delivery.
- In cases of receivables write-off (monetary) from non-residents, no VAT obligations arise for the enterprise.
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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