- In case the pledged property is transferred to the pledge holder in order to repay the loan, it is considered as a supply of goods with VAT
- The pledge holder has the right to satisfy their claims in full, including interest, damages, necessary expenses, and costs related to the secured claim
- The realization of pledged property is done through auctions, unless otherwise specified in the pledge agreement
- The right of pledge is terminated if the pledge holder acquires ownership of the pledged property
- The acquisition of ownership through the enforcement of a claim is considered as a purchase operation for tax purposes
- The tax base for supply of goods/services is determined based on the contractual value, excluding certain taxes and fees
- The tax base cannot be lower than the purchase price of the goods/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.
