- Registration as a VAT payer is a choice for those on a simplified tax system
- Anyone registered or required to register as a taxpayer is considered a taxpayer
- If the total amount from taxable transactions exceeds 1,000,000 UAH in the last 12 months, registration as a taxpayer is mandatory
- Simplified tax system is regulated by Chapter 1 of Chapter XIV of the Tax Code
- Taxpayers under the unified tax are exempt from VAT on certain transactions
- The unified tax rate for third group taxpayers is 3% of income or 5% if VAT is included
- VAT payers can include individuals and legal entities under the third group of unified tax payers or agricultural producers under the fourth group.
Source: news.dtkt.ua
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
