Ukraine mulls raising its standard VAT rate from 20% to 21% to help fund a new war-risk The Ukrainian government has included a potential one percentage point VAT increase in its draft 2027 State Budget. The standard VAT rate would rise from 20% to 21%,
On pause: SAF-T UA for transactional level reporting, initially on-demand; missed its 2025 launch The Ukrainian Ministry of Finance has withdrawn on 17 July 2025 plans for mandatory SAF-T reporting. It had adopted an optional Standard Audit File for Tax (SAF-T) regime from 1 January
Ending low-value consignment VAT and duties exemption Proposals to lower the current €150 threshold exemption for import duties and VAT have been modified according to the Chairman of the Committee of Finance. Instead of an earlier proposal to drop it to €45, the parliament is
Tax reforms to meet IMF loan requirements Ukraine’s Cabinet on 27 December approved a 5% Value Added Tax rate cut from 20% to 15%. The reduction is part of a package of tax reforms agreed with the IMF for loan support following the illegal Russian
Ukraine may seek exception to EU’s 15% minium VAT rate during accession period As Ukraine plans its long-term aim to join the European Union, it has been reviewing how to comply with the 15% minimum standard VAT rate requirement of the EU’s VAT regime. Currently,
State Tax Service updates SAF-T UA template for large taxpayers Since October 2021, large taxpayers have been able to voluntarily use the tax office’s downloadable template for reporting transaction-level data. This month, the template functionality has been updated with return messaging to confirm acceptance of
April 2022 suspension of import VAT ends on 1 July 2022 Ukraine is ending the suspension of imports VAT on many imports, including vehicles, from 1 July 2022. This will include excise duties and customs clearance fees. The order was Gazetted on 5 April 2022,
As martial law is eased, obligation to register sales invoice in central register reinstated Ukraine has reintroduced the obligation to register invoices in the Unified Register of Tax Invoices (URTI). This had been suspended at the outbreak of the Russian invasion earlier this year. Taxpayers
