- Tax credit arises for the VAT payer when receiving fixed assets as a contribution to the statutory fund
- Tax credit also arises for the founder if the fixed assets are returned to them upon leaving the group of founders
- Operations related to the contribution and return of fixed assets to the statutory fund are subject to VAT taxation
- The tax credit includes amounts of tax paid/accrued for the acquisition of non-current assets
- The tax credit for a reporting period is determined based on the contractual value of goods/services and the tax amounts paid/accrued for the acquisition of fixed assets
- Failure to register tax invoices in the Unified Register of Tax Invoices does not allow the buyer to include VAT amounts in the tax credit
- Tax credit arises for both the VAT payer and the founder when fixed assets are received as a contribution to the statutory fund and returned upon leaving the group of founders.
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.
