- The State Regulatory Service (DRS) refused to approve the draft law requiring single tax payers (FOPs and legal entities) with VAT-taxable operations over 1 million UAH in 2026 to register as VAT payers in 2027.
- Concerns were raised about increased shadow economy, business closures, administrative costs, and negative impacts on business activity and investment attractiveness.
- The actual administrative costs for VAT compliance are significantly higher than those estimated by the law’s developers.
- Due to these issues, the DRS did not approve the proposed changes to the Tax Code regarding mandatory VAT registration for single tax payers.
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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