- The Ukrainian government must submit a bill to parliament making VAT registration mandatory for individual entrepreneurs (FOPs) with turnover over UAH 1 million, starting January 1, 2027.
- The bill is a requirement (beacon) for a new IMF program and must be adopted by the end of March 2026.
- Other required reforms include tax changes for digital platform income, abolishing the 150-euro small parcel benefit, and changes to VAT rules in public procurement and the Labor Code.
- Adoption of the 2026 Budget was also a prior action and has already been completed.
- These measures are part of the conditions for Ukraine to access $8.1 billion under a new four-year IMF program.
Source: unn.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.
Latest Posts in "Ukraine"
- VAT Refund after 1095 Days: What Ukrainian Taxpayers Need to Know about Limitation Periods
- Commission Agreements and VAT Registration Threshold: Key Points for Calculating Taxable Transactions
- Compulsory VAT Registration for Sole Proprietors in 2027: Svyrydenko Responds to Petition
- Test SAF-T UA Files in Advance to Ensure Compliance Before Tax Audits
- Comarch EDI Officially Joins Ukraine’s e-TTN Test Environment
