VAT-ACCOUNTING OF LOSS SUB-RENT.

Author: Olga Lytvynenko 2021-05-27

👁 1917

Lease or sublease is subject to VAT - taxpayers remind.

In carrying out such transactions, the tax base is determined by the general rules.
Yes, the tax base of transactions for the supply of goods / services is determined based on their contractual value, taking into account national taxes and fees.

In this case, the tax base may not be lower than the purchase price of such goods / services.

Therefore, the VAT tax base in the case of sublease is determined based on the contract value of such services, which can not be lower than the purchase price of such services - namely the amount of rent.