- The State Tax Service of Ukraine informs about the peculiarities of forming tax liabilities and tax credit by budgetary institutions
- VAT taxpayers in case of simultaneous use of purchased goods/services in taxable and non-taxable VAT operations, including those exempt from taxation.
- Budgetary institutions can engage in activities related to the provision of paid services exempt from VAT, supply of goods/services subject to VAT, and activities funded by the budget that are not considered economic.
- The legal basis for VAT taxation is established in Chapter V and Subsection 2 of Chapter XX of the Tax Code of Ukraine.
- The rules for forming tax liabilities and tax credit with VAT and the preparation of tax invoices/adjustment calculations and their registration in the Unified Register of Tax Invoices are mandatory for all VAT taxpayers.
- The date of occurrence of VAT tax liabilities for supply of goods/services is determined by the date that falls within the tax period when any of the events occur, such as receipt of funds from the buyer/customer or shipment of goods/document confirming the provision of services.
- In case of supply of goods/services with payment from budget funds, the date of occurrence of tax liabilities is the date of crediting such funds to the taxpayer’s account in a bank/non-banking payment service provider or the date of receiving compensation in any other form.
- VAT taxpayers are required to issue and register tax invoices in the Unified Register of Tax Invoices within the prescribed period.
- Tax credit is calculated independently of whether the VAT liability has been paid.
Source: kyiv.tax.gov.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.
