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Ukraine Revises VAT Exemption Threshold for Imported Goods Shipped Through International Post and Express Carriers

08 February 2022

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Approved Changes

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Ukraine

The Ukraine parliament has announced the adoption of the Law "On Amendments to the Tax Code of Ukraine concerning the taxation of goods shipped through international post and express carriers". The law contains measures to improve the efficiency of VAT administration on operations involving the import of goods into Ukraine and to simplify the payment of tax. Among other things, this includes harmonizing the provisions of the Tax and Customs Codes by providing that the VAT base is the part of the customs value (for legal entities and entrepreneurs) and the total invoice value (for individuals) exceeding a non-taxable amount...