Post by account_disabled on Feb 24, 2024 7:54:49 GMT
The amount of VAT is 20%; VAT will be paid by non-residents who do not have representative offices in Ukraine; VAT will be paid only by foreign companies or intermediaries; The changes cancel the clause on foreign advertising tax; The penalty for tax evasion will be 100% of the value of the services provided. A "transition period" will apply to all corporations that will last until March 31, 2022. This is the deadline for non-residents to register. You should also create an account in the online service "VAT for non-residents", which was specially launched for the correct payment of tax. Representatives of non-residents were required to regularly fill out a tax declaration in Ukrainian and English.
Payment can be made in USD or EUR. Reasons and prerequisites for the adoption of the law The draft law on taxation for non-residents was submitted by the chairman of the committee on financial issues, Danylo Hetmantsev, at the end of 2019 (draft law No. 2634). It was Asia Phone Number List the first attempt to tax large IT companies on added value. The basis for the adoption of the law was a basic violation of the principles of taxation. The main goal is to adhere to the concept of equality, while creating a favorable and competitive environment for local companies registered on the territory of Ukraine. Also, one of the reasons for introducing a tax on Google in Ukraine was the need to find additional ways to "enrich" the state treasury.
According to preliminary estimates, the country's budget can be replenished through a tax on electronic services in the amount of almost 3 billion hryvnias per year. Google account Read also : How to run an ad on TikTok? Complete instructions for use What areas of business will the draft law affect? The tax will apply to such digital services as: Access to the database, electronic resources, television channels; Provision of software, updates and remote maintenance; Cloud services for information storage; Distance learning services; Advertising services on the Internet; Download movies, e-books or magazines. Companies that are officially registered as taxpayers in Ukraine will not pay. VAT pays tax on foreign advertising. Financial changes will affect ordinary consumers, individuals who use services without intermediaries, who pay a subscription to the service (for example, Netflix or YouTube).
Payment can be made in USD or EUR. Reasons and prerequisites for the adoption of the law The draft law on taxation for non-residents was submitted by the chairman of the committee on financial issues, Danylo Hetmantsev, at the end of 2019 (draft law No. 2634). It was Asia Phone Number List the first attempt to tax large IT companies on added value. The basis for the adoption of the law was a basic violation of the principles of taxation. The main goal is to adhere to the concept of equality, while creating a favorable and competitive environment for local companies registered on the territory of Ukraine. Also, one of the reasons for introducing a tax on Google in Ukraine was the need to find additional ways to "enrich" the state treasury.
According to preliminary estimates, the country's budget can be replenished through a tax on electronic services in the amount of almost 3 billion hryvnias per year. Google account Read also : How to run an ad on TikTok? Complete instructions for use What areas of business will the draft law affect? The tax will apply to such digital services as: Access to the database, electronic resources, television channels; Provision of software, updates and remote maintenance; Cloud services for information storage; Distance learning services; Advertising services on the Internet; Download movies, e-books or magazines. Companies that are officially registered as taxpayers in Ukraine will not pay. VAT pays tax on foreign advertising. Financial changes will affect ordinary consumers, individuals who use services without intermediaries, who pay a subscription to the service (for example, Netflix or YouTube).