- Return of goods by a legal successor: what about VAT?
- The operation of returning goods by a legal successor for VAT purposes is considered a supply of goods operation subject to VAT.
- Mergers, acquisitions, divisions, and transformations of legal entities are carried out by decision of their participants or authorized body, and in some cases by court decision or relevant state authorities.
- State registration of a newly formed legal entity and termination of legal entities resulting from mergers are required.
- State registration of termination of legal entities resulting from acquisitions and changes in the Unified State Register is also required.
- Return of goods by a legal successor is considered a supply operation subject to VAT, and the legal successor must calculate tax liabilities, issue a tax invoice, and register it in the Unified Register of VAT payers.
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.
