- Operations related to the liquidation of fixed assets are reflected in line 1.1 of the VAT declaration
- If fixed assets are liquidated at the taxpayer’s own decision, it is considered a supply of these assets
- The liquidation of fixed assets is treated as a supply at market prices, not below the balance value
- The rules do not apply to cases of destruction due to force majeure or without the taxpayer’s consent
- The procedure for filling and submitting VAT tax returns is approved by the Ministry of Finance
- General amounts of taxable supplies are indicated in line 1 of the VAT declaration for operations in Ukraine
- Liquidation of fixed assets by the taxpayer is considered a supply, with VAT reflected in line 1.1 of the VAT declaration
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.
