- Operations providing charitable assistance are exempt from VAT taxation
- Free supply of goods/services to charitable organizations and providing assistance to beneficiaries is exempt from VAT
- Goods received as charitable assistance must be marked with “Charitable assistance. Sale prohibited”
- Charitable assistance can be provided in the form of goods, works, services for use by legal entities
- Recipients of charitable assistance must keep accounting records and report to relevant authorities
- Recipients must inform the donor of their intention to accept the offered charitable assistance
- Recipients must keep accounting records according to Ukrainian regulations
- Recipients must determine the procedure for accounting operations related to charitable assistance
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.
