- Car repair costs covered by insurance include VAT considerations.
- Car owner can include VAT amount in tax credit and determine tax liabilities in the same reporting period.
- Tax authorities remind that VAT applies to services supplied within Ukraine.
- Insurance services are not subject to VAT.
- Insurance payout is money paid by insurer in case of an insured event.
- Repair services are subject to VAT, and the repairer must issue a tax invoice.
- Taxpayer must calculate tax liabilities based on the taxable base and register a consolidated tax invoice.
- Rules for consolidated tax invoices are defined by the Ministry of Finance order.
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.
