- Ukraine plans to introduce mandatory VAT for sole proprietors (FOPs).
- The reform will affect 170,000 to 250,000 small business owners.
- The tax burden for FOPs will increase from 7% to 20–22%.
- The change is in response to IMF demands for greater tax transparency.
- The government aims to raise additional revenue through this measure.
Source: ua.news
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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