What should not be done and what, perhaps, should be done if there are goods in the occupied territories, access to which is lost?
This article considers how to record goods for tax and accounting purposes when there is no reliable information about their availability and control over them is lost, or when there is some information about the goods, but there is no certainty about preservation and return of these goods to the taxpayer in the future.
The authors describe one of the options currently being considered by the business community, in particular, the impairment of assets, which are in the occupied territory, with references to legislation and the practice of the Supreme Court.
The full version of the article is available in Ukrainian by the link.
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Decision of the Supreme Court of Ukraine as of December 2, 2019, regarding the application of para. 198.5 of the Tax Code in the case of depreciation of goods that were located in the temporarily uncontrolled territory of Ukraine during the anti-terrorist operation
Destruction, loss or damage of property during martial law. VAT and other aspects