- Mandatory VAT registration for individual entrepreneurs (FOPs) on the simplified tax system is planned no earlier than 2027.
- The changes aim to create a balanced approach: combating shadow schemes while protecting honest small businesses.
- The Ministry of Finance is open to consultations with businesses, associations, and experts to develop fair and effective solutions.
- The government will not raise basic tax rates but will focus on reducing the shadow economy, improving tax administration, and expanding the tax base.
- VAT registration is already fully electronic, with several convenient online options available.
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.
Latest Posts in "Ukraine"
- Business Urges Review of VAT Threshold for Single Taxpayers in Line with IMF Recommendations
- Government to Submit VAT Bill for Entrepreneurs as IMF Condition, Adoption Deadline March 2026
- Conditional Supply of Assets upon VAT Deregistration: When and How to Calculate Tax Liabilities
- VAT Liabilities and Credits for Commission Agreements: Key Rules for Import Operations in Ukraine
- Ukraine Extends VAT Exemption for Energy Equipment Imports Through 2028
