“Serhii Marchenko stated that taxes are necessary to replace part of external financing.”, — write: www.unian.ua
Serhii Marchenko stated that taxes are necessary to replace part of external financing.
Marchenko emphasized that it is impossible to avoid changes in the simplified taxation system / photo UNIAN, Viktor KovalchukThere 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.
This was stated by Minister of Finance Serhiy Marchenko in an interview, writes lb.ua.
“There is a task to level the rules of the game for “simplified” and business entities that are VAT payers, to determine common limits for these groups of taxpayers. You know that our simplified taxation system is not only the provision of services by small businesses, consulting and other activities. It is also a way of tax evasion by large unscrupulous businesses that simply use “simplified”, he said.
Marchenko emphasized that it is impossible to avoid changes in the simplified taxation system, and the discussion with the IMF was not easy. According to him, entrepreneurs will have time – there will be a transition period until 2027, maximum clarification of the logic and reasons for such a step.
“I don’t think this is a surprise. If you look at the plans that the Ministry of Finance has been preparing for years, they also included this norm. Such measures are not popular, but they are important. And during this period, we did not have the opportunity to negotiate to remove them from the discussion,” the minister said.
Marchenko emphasized that in Ukraine it is necessary to improve the administration and strengthen the ability to collect taxes.
“Taxes are necessary to replace a part of external financing. The government must demonstrate that we are also doing our homework on revenue mobilization. Because if you attract 45 billion dollars a year (and this year it will be more than 50 billion), you must show that you are doing your job in terms of internal measures. This is a step we should have taken,” said the head of the Ministry of Finance.
He also noted that the Council should adopt the draft law on taxation of income from digital platforms, which is already in the parliament. In addition, taxation of international parcels worth up to 150 euros will be introduced.
“We started talking about this two years ago. Some people didn’t like it. But it turned out that most of the small parcels that are brought to Ukraine come from one country, which in a geopolitical sense is sometimes unfriendly to Ukraine. Not only that, most of the operators who import legally and sell their products turned out to be uncompetitive due to the fact that imported products are sent to us. And this significantly affects Ukraine’s balance of payments,” – the minister explained the motives of the innovations.
According to him, the European practice of taxation will be introduced in Ukraine later – at the stage of purchase in a store, when an individual who buys pays tax immediately upon purchase, as it works in the European Union.
“We were supposed to come to this anyway, we’ll just come in a year. Not directly from January 1. We will have time to prepare and reorganize,” Marchenko said.
The introduction of VAT for FOPs is the main newsUkraine and the International Monetary Fund reached staff-level agreements on a new four-year support program. We are talking about financing in the amount of more than 8 billion dollars. The new agreement with the IMF provides for a number of measures of fiscal and monetary policy, which should become the basis of the program.
In particular, under the terms of the program, the government plans to introduce a value-added tax for sole proprietorships that declare more than 1 million hryvnias in annual income. The government also plans to cancel benefits for parcels worth up to 150 euros ordered from abroad.
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.
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