Government will not submit the VAT bill for individual entrepreneurs in February

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

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 • [views_4152]

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.