- When writing off goods, including damaged ones, they are used in operations that are not considered economic activities, resulting in the calculation of compensatory VAT.
- If a taxpayer carries out an operation to write off goods, including damaged ones, which are then used in non-economic activities, they must calculate the tax liabilities for VAT based on the purchase value of such goods.
- The tax credit for a reporting period is determined based on the contractual value of goods/services and consists of the tax amounts paid by the taxpayer during that period in connection with the acquisition or production of goods/services, construction of fixed assets, or importation of goods/non-current assets.
- The calculation of the tax credit is independent of whether the goods/services and fixed assets have been used in taxable operations within the taxpayer’s economic activities during the reporting period.
- The taxpayer is required to calculate the tax liabilities based on the taxable base determined according to the tax code and register a consolidated tax invoice for goods/services and non-current assets acquired/produced with VAT.
- The tax liabilities are determined for goods/services and non-current assets acquired for use in non-taxable operations on the date of their acquisition and for goods/services and non-current assets acquired for use in taxable operations that subsequently begin to be used in non-taxable operations on the date of their actual use, as determined in the primary documents in accordance with the Accounting and Financial Reporting 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.
