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The Council adopted a law on simplifying the administration of VAT: what will change for entrepreneurs and businesses

On November 11, the Verkhovna Rada adopted in the second reading and in general the draft law 16037-d, which provides for simplification of the administration of value added tax (VAT).

Original: Рада ухвалила закон про спрощення адміністрування ПДВ: що зміниться для ФОПів і бізнесу

Economy 14 independent outlets · 32 articles translated from Ukrainian
Рада ухвалила закон про спрощення ПДВ: що зміниться для ФОПів і бізнесу
Рада готує зміни до оподаткування: хто з українців платитиме більше й що буде з ПДВ для бізнесу
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Photo: RBC-Ukraine

What happened

The document provides for raising the threshold for tax audits from 100 thousand UAH to 1 million UAH, the ability for individual entrepreneurs to choose quarterly or monthly reports, as well as automatic filling of tax documents through the electronic office.

What outlets write

  1. Biznes UA 14:25
    «The Verkhovna Rada on Wednesday, November 11, adopted a law that provides for amendments to the Tax Code of Ukraine and simplifies business, in particular for individuals entrepreneurs (FOP)»
  2. LB.ua 15:42
    «VAT payers will be able to choose the reporting period on their own, and when selling cars and smartphones in tax invoices, you will need to specify a VIN code and an IMEI»

Who reports

14 independent outlets · 32 articles

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