Ukraine’s government has approved a bill that would end value-added tax (VAT) exemptions for imported goods bought through foreign marketplaces. Authorities say the move could bring in more than Hr. 10 billion (roughly $223.3 million) a year and would not take effect before 2027.
The Ukrainian government has approved and submitted a bill to parliament, the Verkhovna Rada, that would change how imported goods, brought through foreign online marketplaces, are taxed.
The decision was announced on Wednesday, July 29, by Ukraine’s recently appointed Prime Minister Serhiy Koretsky, who said that the bill would align the country’s tax rules with EU standards, as Ukraine continues its path toward EU membership.
