– A person who keeps records of activities under a joint activity agreement without forming a legal entity must register as a VAT payer as a separate entity within the framework of the joint activity according to general rules.
– The agreement must be registered with the tax authorities.
– Each participant in the agreement is registered with the tax authorities and fulfills their tax obligations independently.
– For tax purposes, a person who keeps records of activities under a joint activity agreement is considered a VAT payer.
– For tax purposes, two or more individuals engaged in joint activities without forming a legal entity are considered a separate entity within the framework of such activities.
– The records of joint activities are kept by the taxpayer authorized to do so by other parties in accordance with the terms of the agreement, separately from the records of the taxpayer’s business results.
– For tax purposes, business relations between participants in joint activities are equated to relations based on separate civil law agreements.
– The procedures for registering joint activity agreements with the tax authorities and registering them as VAT payers are defined by the Order on Accounting of Taxpayers and Fees and the Regulation on Registration of Value Added Tax Payers.
– The basis for registering a joint activity agreement is the tax authority’s decision to register the authorized person as a VAT payer during the performance of the joint activity agreement and the receipt of documents specified in the Order.
– The authorized person submits a statement for registration as a VAT payer, a copy of the joint activity agreement, and supporting documents to the tax authority.
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.
