- The American Chamber of Commerce in Ukraine calls for the cancellation of VAT exemptions for parcels from abroad
- The current VAT exemption for imports under 150 euros creates unfair competition for Ukrainian businesses
- This situation leads to loss of revenue for the State budget and encourages shadow economy activities
- The current VAT regime does not align with EU standards and Ukraine’s goal of EU accession
- The EU has effective VAT administration mechanisms for low-value goods, such as the IOSS system
- It is urged for Ukrainian lawmakers to implement similar approaches to cancel VAT exemptions for cross-border e-commerce
- Applying VAT to all imported goods will strengthen the competitiveness of local businesses and increase tax revenues
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.
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