Economy

VAT on All Purchases Under 150 Euros: Koretsky Reveals Details of the New Bill

The Cabinet of Ministers of Ukraine has approved a bill that changes the rules for taxing goods ordered through foreign marketplaces. If the Verkhovna Rada approves the bill, goods valued at up to 150 euros will no longer be exempt from value-added tax. This was announced by Ukrainian Prime Minister Serhiy Koretskyi, according to "Komersant Ukrainian"

Prime Minister Serhiy Koretsky emphasized that the reform is intended to create a level playing field for Ukrainian manufacturers and foreign online stores, as well as to bring in over 10 billion hryvnia to the state budget each year.

What Will Change for Shoppers

Currently, goods ordered by individuals from abroad that cost up to 150 euros are not subject to VAT.

The government proposes to eliminate this exemption.

According to Serhiy Koretskyi, this will bring Ukrainian legislation into line with the rules in effect in the European Union.

Once the law is passed, VAT will also be charged on goods costing less than 150 euros if they are purchased through foreign marketplaces.

Which packages will remain tax-free

At the same time, the changes will not apply to personal gifts.

According to the prime minister, the following will continue to be exempt from tax:

• free gifts from an individual;
• valued at up to 45 euros;
• that are not of a commercial nature.

Thus, the new rules apply specifically to online purchases, not to personal gifts between individuals.

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Why the government wants to abolish the exemption

Serhiy Koretskyi explained that the main goal of the bill is to ensure fair competition between Ukrainian companies and foreign e-commerce platforms.

According to him, Ukrainian manufacturers and sellers pay VAT, while some imported goods enter the market without this tax burden.

“We must create a level playing field for all market participants. This is a matter of supporting Ukrainian producers and ensuring fair competition,” the prime minister emphasized.

The government projects that after the new rules are implemented, the budget will receive over 10 billion hryvnia in additional revenue each year.

These funds are planned to be directed toward financing defense, ensuring the country’s stability, and developing the economy.

When the new rules may take effect

Koretsky specifically noted that the changes will not take effect in the near future.

Even if the Verkhovna Rada passes the bill, the new rules will not take effect until at least 2027.

During this time, marketplaces, logistics companies, delivery operators, and government agencies must prepare to operate under the new model.

What the Prime Minister Instructed

Following the government’s approval of the bill, Serhiy Koretskyi instructed the Ministry of Finance and other relevant agencies to engage in detailed discussions with members of parliament.

This involves discussing the document at the level of parliamentary committees and with representatives of all parliamentary factions and groups.

In addition, the government must provide a comprehensive explanation to citizens and businesses regarding the new tax rules and the reasons for their introduction.

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