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Tax Obligations to the Imf: the Cabinet of Ministers Divided the “Great Tax Law” Into Three Draft Laws
4 Articles
4 Articles
The Cabinet of Ministers of Ukraine has approved three draft laws prepared by the Ministry of Finance, which concern the taxation of digital platforms, international parcels and the prolongation of the military levy.
With parcels and digital platforms, but so far without VAT for individual entrepreneurs - the People's Deputy announced the government's approval of three new tax bills. The Cabinet introduces a 5% military levy and taxation of parcels up to 150 euros. The draft law on VAT for individual entrepreneurs will not be submitted to the Verkhovna Rada yet.
This was announced by the Minister of Finance Sergey Marchenko. A key part of the package deals with the introduction of taxation of income received through digital platforms and the introduction of the European standard DAC7 on automatic international exchange of tax information. For individuals, an income tax rate of 5% is proposed instead of the current 18%, and administration must be carried out directly through platforms as tax agents. At t…
The Cabinet of Ministers approved three draft laws developed by the Ministry of Finance: on the taxation of digital platforms, the taxation of international parcels and the extension of the military levy.
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