- Ukraine’s Draft Law No. 16069 proposes reducing VAT on medicines and medical devices from 7% to 5%.
- The reduced 5% VAT would also apply to compounded medicines, special medical-purpose foods, sanitary and hygiene goods, and certain children’s goods.
- A 5% preferential VAT rate would be introduced for basic food items, including meat, fish, dairy, vegetables, fruit, flour, cereals, oil, pasta, and bakery products.
- A temporary 7% VAT rate would apply to goods needed for basic household needs during electricity outages, until Ukraine becomes a full EU member.
- If adopted, the changes would take effect on January 1, 2027.
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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