Determination of VAT taxable base for supply of goods/services, non-current assets

• The main tax office in the Odessa region informs that the tax base for VAT on supply of goods/services and non-current assets is determined based on their contractual value, taking into account state taxes and fees.
• The tax base cannot be lower than the purchase price of goods/services, the usual prices for self-made goods/services, or the balance value of non-current assets according to accounting data.
• Exceptions include goods/services with regulated prices, gas supplied for residential needs, and electricity with market prices.
• The contractual value includes any amounts of money, material and intangible assets transferred to the taxpayer directly by the buyer or through a third party as compensation for goods/services.
• Excluded from the contractual value are penalties, interest on overdue amounts, inflation costs, damages, and lost profits compensation.
• The tax base includes the value of goods/services supplied, excluding compensation for the difference between actual costs and regulated prices, and costs for maintaining leased property, utilities, and energy supplied to the taxpayer.

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.

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