- The fate of VAT for sole proprietors (FOPs) may be decided in early June 2026, after the IMF mission starts on May 27.
- For now, the rule requiring FOPs with revenue over UAH 4 million to switch to VAT remains, but there is an agreement to postpone it by one year, until 2028.
- It is still unclear whether this requirement was removed from the IMF memorandum or only delayed.
- Any change will require a law, and no such draft has yet been submitted to parliament.
- For now, sole proprietors on the simplified tax system likely won’t face this in 2027, but they should still prepare for possible VAT rules later.
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.
