- Tax credit for the reporting period is determined based on the contractual value of goods/services and consists of the taxes paid by the taxpayer at the established rate.
- Tax credit is calculated regardless of whether the goods/services have been used in taxable operations during the reporting period.
- Tax obligations must be calculated based on the taxable base and registered in the Unified Register of Tax Invoices by the last day of the reporting period.
- Tax obligations are determined for goods/services purchased for use in non-taxable operations on the date of purchase.
- Tax obligations are determined for goods/services purchased for use in taxable operations that start being used in non-taxable operations on the date of actual use.
- When goods are written off within the limits of natural loss and lose their marketable appearance, no tax obligations are calculated.
- If goods are written off beyond the limits of natural loss and cannot be used in the taxpayer’s economic activities, tax obligations are calculated at the standard rate.
Source: od.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.
