- BRDO warns that introducing VAT for sole proprietors with annual turnover over UAH 1 million could force a quarter of small entrepreneurs to close or go underground.
- BRDO proposes raising the VAT registration threshold to €85,000 (about UAH 3.8 million), aligning with EU standards, instead of the proposed UAH 1 million.
- They suggest a phased approach: first increase the threshold for the general system, restore trust, simplify VAT administration, and only later adjust for simplified businesses after martial law ends.
- BRDO recommends focusing on combating VAT evasion and implementing digital risk-based controls.
- The public opposes the Ministry of Finance’s proposal, with a petition to postpone VAT for sole proprietors gathering nearly 19,000 signatures.
Source: dev.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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