The Ukrainian State Fiscal Service Sept. 26 posted online a letter clarifying VAT on factoring transactions, in which a business sells its accounts receivables to a third party. The letter clarifies that VAT doesn’t apply to specific listed transactions, including cash, securities, and certificates. Therefore, factoring transactions on an account receivable in Ukrainian currency aren’t subject to VAT. [Ukraine, State Fiscal Service Journal, 09/26/19]
Reference:
View Announcement. View 271/PKI/04-36-12-01-16 of 09/16/19.
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