Recently Ukraine Higher Administrative Court decided to zero VAT rate if prices of goods are lower than market level. According to decision, goods exported from Ukraine at prices below the market level should be subject to zero rate VAT pursuant to article 195.1 of the Tax Code.
As required by the State Fiscal Service (SFS), exporters are not obliged to issue an invoice to self-assess VAT at the rate of 20% on the difference between the contract price of goods and the market value.
Related Posts
Minister of Foreign Affairs of Ukraine Andrii Sybiha was received in Luanda by President of the Republic of Angola João Lourenço, to further the dialogue between the Angolan leader and President of Ukraine Volodymyr Zelenskyy on 25 October
Read More
The delegations from Australia and Ukraine convened for the inaugural round of negotiations on an income tax treaty from 8 October to 11 October 2024. The agreement will eliminate double taxation concerning taxes on income, capital, fringe
Read More Ukraine's Ministry of Foreign Affairs has reported that officials from Oman and Ukraine met on 23 October 2024 to discuss bilateral relations, including finalising an income tax treaty. During his visit to the Sultanate of Oman, Minister of
Read More
The Ministry of Finance of Ukraine has issued a clarification concerning the corporate taxes of the Federal Republic of Germany and their relevance to Ukrainian tax law, particularly in the context of transfer pricing regulations on 30 September
Read More The multilateral component authority agreements for the exchange of Country-by-Country Reports (CbC MCAA) and for the exchange of financial account information under the Common Reporting Standard (CRS MCAA) has entered into force in Ukraine. The
Read More
Representatives of the Ministry of Finance of Ukraine and State Tax Service of Ukraine announced that the country will align its tax legislation with OECD standards. Representatives of Ukraine at the invitation of the Organisation for Economic
Read More
