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.
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