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Tax Treatment of Insurance Payments: VAT Exemption and Legal Framework in Ukraine

  • Payment of insurance premiums is not subject to VAT
  • Operations related to insurance services are not subject to VAT
  • Insurance payment is the money paid by the insurer in case of an insured event
  • Insurance sum is the amount within which the insurer is obligated to make an insurance payment
  • Insurer is a financial institution or a branch of a non-resident insurer authorized to operate in Ukraine
  • Payment of insurance premiums is not subject to VAT and does not affect tax credits or obligations for insured individuals or insurance companies

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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