Attention: compensation for utilities and VAT

12 November 2013 11:33  10350639 051400
Attention: compensation for utilities and VAT

Funds received by landlords from tenants as compensation for utilities and services for routine maintenance of the premises shall be included in the tax base of VAT and subject to taxation on the general terms at the basic rate - the STI inUzhgorod imported.

The VAT is imposed on transactions by payers of tax on supply of services, which are supplied in the customs territory of Ukraine.

The tax base of operations for the supply of goods / services is determined on the basis of their contractual value (in the case of controlled operations - not lower than regular prices) subject to state taxes and fees (excluding value added tax and excise duty on ethyl alcohol used by manufacturers the production of medicines, including blood components and products manufactured from them, except for drugs in the form of salves and elixirs).

The structure of the contractual value includes any amounts, the value of tangible and intangible assets transferred to the taxpayer by the buyer directly or through any third party in connection with the compensation for cost of goods / services.

Given the above, the funds received by landlords from tenants as compensation for utilities and services for routine maintenance of the premises shall be included in the tax base of VAT and subject to taxation on the general terms at the basic rate.

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