- 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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