NUANCES OF ACCOUNTING AND TAXATION WITH VALUE ADDED TAX OF PROCESSING OPERATIONS RAW MATERIALS

For domestic enterprises, operations with raw materials can solve many financial, production, technological, resource, and personnel problems, the most significant of which are related to the reduction of production processes and the threat of bankruptcy, simultaneously bringing them to a new qualitative level of development and successfully representing them in the international business community. The article updates the issue of accounting for transactions with raw materials from a processing company. Various options for payment for services for the processing of customer raw materials were considered: in cash; by giving the executor the ownership of a part of the client's raw materials; by providing the contractor with finished products, as well as combined payment options. In order to detail the movement and control at all stages of the processing of customer raw materials, it is proposed to keep analytical records using the recommended sub-accounts to the off-balance sheet account 022 «Materials accepted for processing»: 022/1 «Customer raw materials in stock»; 022/2 «Davalnytsia raw materials transferred to production»; 022/3 «Finished products from consumer raw materials»; 022/3 «Accompanied products from raw materials»; 022/5 «Waste from the processing of consumer raw materials». The scheme of accounting of raw materials and finished products from the contractor using the proposed sub-accounts is presented, as well as the reflection on the accounting accounts of operations for the processing of raw materials from the contractor on the accounting accounts using the proposed sub-accounts. The question of taxation with value added tax of the specified operations was investigated, provided that the customer is a resident, and the donor raw materials are transferred for processing on the territory of Ukraine. It was established that, since the donor raw materials are the property of the customer, and upon their transfer for processing, the ownership of these raw materials belongs to the executor does not transfer, then the VAT tax liability for such a transaction is not accrued, and the object of taxation in the tax accounting of the parties will be processing services. VAT taxation is also considered, if the customer is a non-resident, and the supplier's raw materials are imported into the customs territory of Ukraine under the customs processing regime, and then the finished products are exported outside the customs territory of Ukraine under the customs re-export regime.