- Ukraine is expected to introduce mandatory VAT registration for sole proprietors (FOPs) as part of EU alignment, according to Deputy Finance Minister Svitlana Vorobei.
- The proposed VAT registration threshold would be set at 85,000 euros in equivalent turnover, not 1 million UAH, for businesses regardless of tax regime.
- The threshold could be fixed directly in euros so it would automatically adjust with exchange-rate changes.
- Vorobei said EU countries use different VAT-registration thresholds, including some with zero thresholds, and Ukraine has agreed with donors on the highest threshold.
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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