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VAT Treatment in Three-party Contract Sales in Ukraine: What About VAT?

  • Resident sells goods in Ukraine under a tripartite agreement, where the buyer is a resident and the payer is a non-resident
  • VAT and VAT invoices must be handled according to accounting standards
  • The bank commission payment should be specified in the contract, with the seller bearing the cost
  • Changes to the contract can be made if necessary, following procedures outlined in regulations
  • Accounting for transactions in foreign currency should be done according to official exchange rates
  • Prepayment received should be accounted for, including VAT, and a VAT invoice should be issued to the resident buyer
  • A report should be provided to the buyer informing them of the prepayment and VAT calculation, as part of the tripartite agreement.

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.

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