The International Monetary Fund (IMF) is demanding that Ukraine quickly adopt a tax law.
When will the new tax law be adopted in Ukraine and what does it provide for – read in the ICTV Fakty material.
What does the new tax law in Ukraine provide for?
Ukraine needs to quickly adopt a bill that introduces taxation and disclosure of banking information on the movement of funds and account balances of individuals trading or providing services through online services such as OLX, Prom, Kabanchik, etc. Such requirements have been put forward by the International Monetary Fund (IMF).
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The text of the memorandum states that such actions are necessary to bring a significant sector of the economy out of the shadows.
Thanks to this, the State Tax Service (STS) will be able to receive information from digital platforms and international structures on the income of citizens operating without official registration as entrepreneurs or without using the simplified taxation system.
Such innovations will become an effective mechanism for ensuring timely, accurate and complete declaration of income that currently remains outside taxation.
They will allow the tax base to be significantly expanded by attracting individuals who have so far avoided taxation.
According to the IMF document, this step will also contribute to more efficient mobilization of state revenues, bring the Ukrainian tax system closer to EU norms and the standards of the Organization for Economic Cooperation and Development (OECD), and will also mark the start of reforming the simplified tax system through the use of modern digital means of control of the State Tax Service.
Bill 13232: What does the document say?
On April 30, 2025, the government filed Bill 13232, which would require sellers of items on online platforms to pay taxes on the money they receive.
The new law provides for a 23% tax on the sale, provision of services, and rental services of housing through popular online platforms OLX, Prom, Shafa, Kabanchik, and the like.
The introduction of this mechanism provides for the collection of a tax of 5% of the turnover on income through digital platforms received by individuals through sales or provision of services through digital platforms.
After the document is adopted, the State Tax Service (STS) will be able to receive data on the movement and balance of funds in the bank accounts of accountable sellers of online platforms.
Bill 13232 is currently under consideration and is scheduled to be adopted by the end of 2025.
