- Non-material assets are subject to taxation when they are written off
- Tax obligations with VAT are accrued when operations with non-material assets are carried out
- According to the National Accounting Standard 8, non-material assets are non-monetary assets without physical form
- Taxable operations include supply of goods and services within the customs territory of Ukraine
- Goods are considered material and non-material assets, including land, securities, and derivatives
- Non-material assets are written off when they are transferred for free or no longer provide economic benefits
- Taxpayer must calculate tax obligations based on the taxable base and register them in the tax invoice registry
- Liquidation of assets is considered as supply at market prices, not lower than the balance value
- Taxpayer must consider tax regulations when writing off non-material assets due to lack of economic benefits
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.
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