LETTER OF STATE TAX ADMINISTRATION OF UKRAINE

of August 12, 2011 No. 9291/5/16-1516

(Endurance)

'...' According to item 1 of Art. 25 of the Law of Ukraine of 14.05.92 No. 2343-XII "About recovery of solvency of the debtor or recognition by his bankrupt" (further - the Law) from the date of recognition of the debtor by the bankrupt and opening of the liquidating procedure the liquidator accepts property of the debtor in the vedaniye, takes measures for ensuring its safety, performs functions on management and the order of property of the bankrupt, realizes property of the bankrupt for satisfaction of the requirements included in the register of requirements of creditors, according to the procedure, provided by this Law.

'...' Delivery of goods - any transfer of the right to the order goods as the owner, including sale, exchange or donation of such goods, and also delivery of goods by a court decision (according to subitem 14.1.191 of Art. 14 of the Code).

Transaction selling property of the bankrupt answers activity definition on delivery of goods, and therefore in case of realization of property of the bankrupt for satisfaction of requirements of creditors there is taxation object of the VAT that involves emergence of the tax liabilities on the VAT. '...'

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info