The Cabinet of Ministers will not submit the bill on mandatory VAT registration for individual entrepreneurs with a turnover exceeding UAH 1 million in February. This was announced by Prime Minister Yulia Svyrydenko on February 13.
The Cabinet of Ministers will not submit a bill in February on mandatory registration as a value-added tax (VAT) payer for single tax payers (FOPs) with an annual turnover of more than UAH 1 million, Prime Minister Yulia Svyrydenko said during a speech in parliament on February 13, UNN writes.
In February, the government will not submit a bill on registration, you say, a threshold for FOPs for VAT
– Svyrydenko said.
Addition
Earlier, Bloomberg reported that Ukraine was seeking to soften an unpopular tax bill concerning VAT for individual entrepreneurs, which the IMF had demanded. This law was called a condition for unlocking more than $8 billion under the financing program.
VAT for individual entrepreneurs: Bloomberg learned about Ukraine's desire to soften a "key condition" for a new IMF loan06.02.26, 14:30 • 4143 views
In December, the Ministry of Finance published a draft law on the introduction of VAT for individual entrepreneurs from 2027. The changes provide for a reduction in the single tax rate from 5% to 3% for group 3 individual entrepreneurs who reach the UAH 1 million limit, and mandatory registration as a VAT payer.
