On February 17, 2021, the Verkhovna Rada of Ukraine adopted in the first reading the draft Law1, according to which non-resident companies that provide electronic services to individuals in Ukraine are required to apply for registration as a VAT payer by March 31, 2022, if the total amount of such operations during 2021 exceeds the equivalent of UAH 1 million.
The draft Law prescribes a 20% VAT rate on electronic services.
Source PwC
