- When a car owner receives repair services paid for by an insurance company, the VAT amount for such operation is considered a tax credit and separately recognizes conditional VAT liabilities
- Operations related to insurance services are not subject to VAT according to the Tax Code of Ukraine
- Insurance payout is the money paid by the insurer in case of an insured event according to the insurance contract and/or legislation
- The tax liability date for goods/services supply is determined by various events such as payment receipt, goods shipment, or service provision
- Taxpayers must prepare an electronic tax invoice with a qualified electronic signature on the tax liability date according to the law on electronic identification and trust services.
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.
