Hetmantsev Opposes Mandatory VAT for Sole Proprietors, Citing Harm to Honest Businesses

• Hetmantsev opposes mandatory VAT for individual entrepreneurs (FOPs), calling it a blunt tool that harms both tax evaders and honest businesses.
• He believes the Ukrainian economy cannot increase tax revenues by raising main tax rates, including VAT.
• The economy is suffering from energy attacks and declining demand, especially affecting retail and restaurants.
• Hetmantsev stresses that any tax rate increases would mainly impact compliant businesses, not those operating in the shadow economy.
• He notes the abnormal growth in the number of FOPs during wartime and anticipates continued increases in defense spending if the war persists.

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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