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Determination of VAT Tax Base for Unfinished Construction Supply Operations in Ukraine

  • Operations with the supply of unfinished construction objects are subject to VAT
  • Taxpayers in subcategory 101.07 “ZIR” emphasized that operations with the supply of goods/services are subject to taxation
  • The date of tax obligations for the supply of goods/services is determined by various events
  • Subcontractors can use the cash method for tax accounting for construction work
  • The cash method is applied for the first supply of housing
  • The base for taxation of operations is determined based on the contractual value of goods/services
  • Certain taxes and fees are excluded from the base for taxation of operations

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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