- Tax liabilities for VAT are calculated when writing off an intangible asset
- According to the National Accounting Standard 8, an intangible asset is a non-monetary asset without a physical form
- Taxable operations include supply of goods and services within the customs territory of Ukraine
- Goods are defined as material and intangible assets, including land, securities, and derivatives
- Intangible assets are written off the balance sheet if no economic benefits can be obtained from them
- Taxpayers must calculate tax liabilities based on the taxable base and register them in the tax invoice registry
- Liquidation of assets is considered a supply at market prices not lower than the balance value
- Taxpayers must consider tax regulations when writing off intangible assets due to lack of economic benefits
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.
