- Public organizations do not have to register as VAT payers if the supply of free goods/services exceeds 1 million UAH
- Beneficiaries of charitable assistance receive help from donors to achieve goals defined by the law
- Charitable activities aim to support legitimate interests in charitable sectors and develop them for public interest
- Charitable organizations, donors, and beneficiaries are subjects of charitable activities
- Local self-government bodies can receive charitable assistance for beneficiaries if they operate within the charitable activity sectors
- Taxation regulations are governed by the Tax Code of Ukraine
- Registration as a VAT payer can be mandatory or voluntary based on certain conditions
- If the total value of taxable transactions exceeds 1,000,000 UAH in the last 12 months, registration as a taxpayer is required
- Specific requirements must be met for VAT registration.
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.
