- Consultations are ongoing with business representatives about setting the mandatory VAT registration threshold at 85,000 euros.
- Most individual entrepreneurs (FOPs) will not be affected by the changes to mandatory VAT registration.
- The government is committed to aligning tax laws with EU directives as part of Ukraine’s EU candidate status.
- No legislative initiative on mandatory VAT registration for single tax payers has been submitted to the Cabinet of Ministers yet.
- The government does not plan to abandon the introduction of mandatory VAT registration, but the threshold will likely exclude most FOPs.
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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