Supply Chain Council of European Union | Scceu.org
Freight

Ukraine Tax Authority Clarifies Taxation of Freight Forwarding Services

The Ukrainian State Fiscal Service Nov. 20 posted online a letter clarifying the taxation of freight forwarding services. The letter clarified that: 1) freight transport payments made to a freight forwarder include the contract performance compensation and the compensation for costs incurred arranging the transportation; 2) transport service funds paid by a client to a freight forwarder’s account which are then transferred to a third party under the contract aren’t recognized as income; 3) if a nonresident transports cargo using their own vehicle, the transportation services are subject to freight forwarding tax; and 4) a 6 percent tax is withheld…

To read the full article log in. To learn more about a subscription click here.

Related posts

Cargo Chat: DSV on forwarder-led cargo charter networks – Air Cargo World

scceu

All-inclusive rates remain largely stable, but could see upside in March

scceu

Global Supply Lines Brace for Economic Storm to Widen

scceu