- Transitional operations with fuel and petroleum products are subject to VAT.
- The taxation of transitional operations with fuel is as follows: 7% for partially received prepayment before 01.07.2023, and 20% for the unpaid portion of goods shipped starting from 01.07.2023.
- During the period of martial law in Ukraine, but no later than 01 July 2023, operations involving the supply and import of motor gasoline, heavy distillates, liquefied gas, biodiesel, and alternative motor fuel classified under certain codes are subject to a 7% excise tax.
- The date of occurrence of tax liabilities for the supply of goods/services is determined by the date of payment or shipment of goods, as well as the date of customs declaration or document issuance for services.
- Tax invoices must be prepared for each complete or partial supply of goods/services, as well as for the amount of funds received as prepayment.
- The VAT rate for operations with fuel and petroleum products is determined based on the date of occurrence of tax liabilities.
- If a taxpayer received partial prepayment before 01.07.2023 for the supply of fuel and petroleum products, they should issue a tax invoice with a 7% VAT rate based on the amount of the prepayment.
- The actual shipment of goods after the change in the VAT rate to 20% (from 01.07.2023) within the received partial prepayment does not have VAT consequences. A tax invoice with a 20% VAT rate should be issued for the unpaid portion of the shipped goods.
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.
