VAT Implications on Returning Assets to Founders from Charter Capital in Ukraine

• Return of assets previously contributed to share capital is subject to VAT at the standard rate.
• This applies when founders exit the group of founders or participants.
• According to tax code, the supply of goods includes any transfer of ownership rights.
• The operation is considered a taxable supply of goods within Ukraine’s customs territory.

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.