- Repairing a car using insurance company funds
- The owner of the car can claim VAT as a tax credit for the repair services paid by the insurance company
- Operations related to insurance services are not subject to VAT
- The amount of insurance payment is determined by the agreement between the insurer and the policyholder
- Tax obligations arise on the date of payment or delivery of goods/services
- A tax invoice must be prepared and registered for each supply of goods/services
- The tax invoice serves as a basis for the buyer to claim tax credits
- The taxpayer is responsible for calculating and paying tax obligations based on the invoice amount
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.
