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
Transactional level data, initially on-demand; mandatory introduction between 2025 and 2027 The Ukrainian Ministry of Finance has adopted an optional Standard Audit File for Tax (SAF-T) regime from 1 January 2023. It will become mandatory for large taxpayers from 1 January 2025, and then for
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
Import VAT and other import taxes waived from 1 April 2022 The Ukrainian Gazette has published a law update to exempt vehicle imports from VAT. This will include excise duties and customs clearance fees. The order was Gazetted on 5 April 2022, and retrospectively applies
Tax and VAT simplifications for the duration or martial law Ukraine has approved a range of tax simplifications following the Russian invasion and the implementation of martial law. This includes: VAT exemption for businesses with an annual turnover of UAH 10 billion (approx €300m) No
Temporary reduced VAT rate on energy and foodstuffs as inflation rises A Bill has been present the Ukrainian parliament to temporarily cut VAT as follows: Zero-rate on basic foodstuffs 7% – domestic electricity, heating, natural gas, public water supplies. The Bill has been submitted by
Non-resident sellers and marketplaces liable to VAT obligations on e-services 2022 Ukraine is to impose on non-resident providers of digital services to its consumers the obligation to VAT register from 1 January 2022. There will be a VAT registration threshold of UAH 1million (approximately €35,000),
