Corporate, Commercial Law and Dispute Resolution · Contracts, Commercial Law and Transactions
Excise tax and VAT (Value Added Tax) administration directly affects pricing, cash flow and reporting for Ukrainian businesses dealing with taxable goods and services. Correct classification, calculation and electronic filing are especially important where excise duties or VAT invoices form part of routine sales operations.
Excise Tax
Excise tax is an indirect tax applied to specified categories of goods. Examples include fuel, alcohol, tobacco and vehicles. The applicable amount can vary by product and by the conditions under which goods are imported or sold.
Businesses handling excisable goods need to determine whether the product falls within the excise regime, apply the relevant calculation method and maintain the declarations and product records supporting the tax treatment.
identify whether goods are subject to excise tax;
calculate the applicable excise amount;
prepare reporting and supporting documents;
review transactions for excise-related tax risk.
VAT and Electronic Administration
VAT reporting depends heavily on accurate electronic administration and timely tax-invoice processing. Accounting data, electronic invoices and tax declarations should reconcile so that discrepancies can be identified before they lead to blocked invoices, penalties or additional questions.
organise electronic VAT reporting procedures;
review VAT calculation on purchases and sales;
prepare and check tax invoices;
retain electronic filing and registration receipts;
respond to tax-authority errors or disputed sanctions through the available procedure.
Indirect tax administration should connect product classification, transaction records and electronic reporting rather than treat excise and VAT as isolated calculations. Consistent data reduces correction work and helps management understand the tax component built into product pricing and cash flow.
Why is it better with us?
The principal activities of the UBC group of companies are consulting, financial and investment services, search and selection of investors for business and attraction of loans, purchase and sale of established businesses in Ukraine, Europe and other countries, IT services, and development of commercial real estate in Ukraine and abroad. For the development of your business: registration of enterprises in Ukraine, ready-made companies in the EU, registration of companies in England and other countries, corporate law, offshore jurisdictions and offshore companies, business consulting, audit, certification, registration of LLCs, registration of financial companies, asset management companies, mutual investment funds, registration of joint-stock companies, issue of securities and bonds, and support for foreign investment.
The continuously expanding range of regional and foreign partners directly helps resolve our clients’ issues when conducting business both in Ukraine and abroad.
We are always focused on the result you need and will do everything to achieve it within the required timeframe, taking your wishes and requirements into detailed account! Why is it better to start business in Ukraine with UBC? The answer is simple - we have much more practical experience, resources and opportunities.
Price: Excise Tax and Value Added Tax (VAT) Administration for Ukrainian Businesses