“OLX Tax”: Council Committee Approves Revised Bill
6 April 14:27
The Verkhovna Rada Committee on Taxation has endorsed the revised version of Bill No. 15111 on the taxation of digital platforms. This was announced by MP Yaroslav Zheleznyak, according to "Komersant Ukrainian".
“There will be a ‘revised’ version of Bill No. 15111 on the taxation of platforms. Almost all provisions from our alternative version were taken into account. Therefore, the bill has become significantly better and is now fully supported by the business community. And it will save citizens money,” Zheleznyak wrote.
The bill will be put to a vote in the Rada on its substance and as a whole as early as tomorrow, Tuesday, April 7.
“It is part of the IMF’s ‘beacon,’ so its adoption is a prerequisite for Ukraine to receive funding,” the MP explained.
The draft includes the following changes compared to its previous version:
- allowing self-employed individuals to tax income from platforms on the same basis as for individuals;
- eliminating the requirement for sellers to open special accounts through platforms;
- abolishing the requirement to disclose bank secrecy regarding sellers’ income;
- abolishing the requirement to file a tax return if the limit is exceeded, replacing it with the issuance of a tax notice by the Tax Service.
If adopted, the law will take effect no earlier than January 1, 2027.
As a reminder:
Previously, the Cabinet of Ministers split the “Grand Tax Bill” into several smaller bills, including No. 15110 and No. 15111.
Earlier, on the morning of April 6, Prime Minister Yulia Svyrydenko met with the heads of the Verkhovna Rada committees and discussed the government reforms necessary to secure funding from the EU and the IMF.
On March 10, the Rada failed to pass a vote on the bill regarding the taxation of digital platforms.
