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Ukraine Plans VAT for Entrepreneurs, Ends Parcel Exemptions: Impact on Business and Consumers

  • Ukraine plans to introduce VAT for individual entrepreneurs earning over UAH 1 million, affecting many small businesses.
  • The government may abolish duty-free exemptions for parcels up to 150 euros and tax income from digital platforms.
  • These changes are part of IMF requirements to expand the tax base, fight the shadow economy, and align with European standards.
  • The measures could increase costs for small businesses and consumers, but are expected to boost budget revenues for defense and social spending.
  • Final decisions depend on ongoing negotiations with the IMF and parliamentary approval.

Source: komersant.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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