ORDER OF THE MINISTRY OF THE INCOME AND CHARGES OF UKRAINE

of November 22, 2013 No. 700

About approval of the Generalizing tax consultation concerning features of the taxation the value added tax of transactions on delivery of mortgage property by banks

(Extraction)

For the purpose of ensuring identical approach to practical application of regulations of the tax legislation, being guided by article 52 of the Tax Code of Ukraine, I order:

1. Approve the Generalizing tax consultation concerning features of the taxation by the value added tax of transactions on delivery of mortgage property by banks it (is applied).

Approved by the Order of the Ministry of the income and charges of Ukraine of November 22, 2013 No. 700

The generalizing tax consultation concerning features of the taxation the value added tax of transactions on delivery of mortgage property by banks

According to Article 572 of the Civil code of Ukraine (further - GKU) owing to pledge the creditor (pawnbroker) has the right in case of failure to carry out by the debtor (pledger) of the obligation provided with pledge to become widespread due to pledged property mainly before other creditors of this debtor if other is not established by the law (the pledge right).

Article 591 GKU provides that realization of subject of pledge on which collection is turned is made by its sale from the public biddings if other is not established by the agreement or the law. Similar regulations are given also in article 20 of the Law of Ukraine "About pledge".

Thus, the pawnbroker according to the signed agreement of pledge performs the address of collection regarding pledge:

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