“By January 15, 2026, the government must submit a draft law for consideration by the parliament.”, — write: www.unian.ua
By January 15, 2026, the government must submit a draft law for consideration by the parliament.
By January 15, 2026, the government will submit a draft law for consideration by the parliament / photo ua.depositphotos.comThe Ministry of Finance has published a draft law on the introduction of value added tax (VAT) for individual entrepreneurs from 2027.
People’s deputy Yaroslav Zheleznyak reported that the draft law proposes to establish from January 1, 2027, the obligation to register a sole proprietorship as a value-added tax payer if the total amount from transactions for the supply of goods or services during the year exceeds 1 million hryvnias.
The deputy noted that by January 15, 2026, the government will submit a draft law for consideration by the parliament (this will be the implementation of the IMF’s prior action) and will press to adopt the law by the end of March 2026 (this will be an IMF beacon).
“Let me remind you, this is a ‘cheque for populism’ – when Ukraine is now being forced to compensate for all those handing out money: cashback, issuing 1,000 hryvnias, check-ups and marathons…” – expressed the opinion of the People’s Deputy.
The published document states that payers of the single tax of the first to third groups, except payers of the single tax of the third group – e-residents, in case of reaching the volume of taxable transactions of more than 1 million hryvnias, are required to register as a payer of value added tax.
Introduction of VAT for FOPs – the latest newsUkraine and the IMF at the staff level reached an agreement on a new support program, which is designed for 4 years. Among the fund’s demands is the cancellation of benefits for FOPs regarding the payment of value added tax (VAT).
Minister of Finance Serhiy Marchenko stated that there will be changes in the simplified taxation system for FOPs regarding the payment of VAT when a certain limit is exceeded. Their introduction is expected in 2027.
According to analysts, the introduction of value-added tax for self-employed entrepreneurs who declare more than 1 million hryvnias in annual income will lead to a decrease in public welfare. Total losses may amount to 150-180 billion hryvnias, or about 1.5-2% of GDP, according to the appeal published by the Economic Expert Platform.
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