Mandatory VAT Registration for Single Tax Payers of Groups 1-3 from 2027: Draft Law by Ministry of Finance

• From January 1, 2027, single tax payers (groups 1-3, both individuals and legal entities, except e-residents) with taxable VAT operations exceeding 1 million UAH in 2026 must register as VAT payers.
• The new requirement aligns VAT registration rules for single tax payers with those of the general taxation system.
• The law aims to create equal business conditions, increase state budget revenues, and reduce the effectiveness of contraband and counterfeit schemes.
• Registration as a VAT payer will be mandatory and ongoing, not a one-time measure.
• The law is expected to be adopted by March 1, 2026, and businesses must submit their VAT registration application by January 10, 2027, if they exceed the threshold.

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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