- Ukraine plans to introduce mandatory VAT for individual entrepreneurs (FOPs) with annual income over 4 million UAH, starting January 1, 2027.
- The measure is in line with IMF requirements and targets simplified taxation system payers in groups 1-3.
- The income threshold was previously considered at 1 million UAH but may be raised to 4 million UAH to reduce the impact.
- The government postponed submitting the bill in February 2026.
- Current tax rates differ for VAT and non-VAT payers in group 3, with automatic VAT registration for those exceeding income limits.
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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