- If an individual entrepreneur (FOP) on the general taxation system exceeds 1 million UAH in taxable operations but switches to the simplified taxation system (single tax, groups 1–3) from the first day of the following month, there is no obligation to register as a VAT payer.
- The FOP must submit two declarations for the year: one for income received under the general system and one for income under the simplified system.
- This position is confirmed by the tax authority (DPS) in their official clarification.
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 Opposes Mandatory VAT for Sole Proprietors: Government to Review Petition After 25,000 Signatures
- Procedure for Re-Registration of VAT Payers in Ukraine: Key Steps and Requirements
- VAT Deregistration: Handling Unused Goods and Assets, Tax Liabilities, and Final VAT Return
- Can a Newly Reorganized Company Be Classified as a High-Risk VAT Payer?
- Number of Risky VAT Payers in Ukraine as of January 1, 2026: Official Statistics
