- Businesses oppose the mandatory VAT registration for sole proprietors (FOPs) and have submitted a petition to the government.
- The petition demands the withdrawal of the Ministry of Finance’s initiative to require VAT registration for single tax payers with annual turnover over 1 million UAH from January 1, 2027.
- The petition also calls for negotiations with the IMF to preserve the simplified tax system.
- The Cabinet of Ministers must review the petition within 10 days and decide whether to support or reject it, providing reasons for their decision.
- The issue remains unresolved, but the petition signals strong business and community opposition to the proposed changes.
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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