- Individuals involved in joint activities without forming a legal entity must register for VAT if they maintain records of such activities.
- Joint activity agreements must be registered with controlling authorities if they are subject to specific tax accounting and taxation rules.
- Each participant in a joint activity agreement is independently responsible for tax obligations.
- For tax purposes, joint activities without forming a legal entity are considered a separate entity.
- The authorized person for tax purposes is responsible for maintaining records of joint activities.
- Registration procedures for joint activity agreements and VAT are outlined in specific orders by the Ministry of Finance of Ukraine.
- Required documents for registration include a VAT registration application, a joint activity agreement copy, and additional documents if foreign investors or state property are involved.
Source: od.tax.gov.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.
