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Business Urges Parliament to Support Repeal of Tax Exemptions on International Shipments

  • Business is asking the Verkhovna Rada to support the cancellation of tax privileges for international parcels
  • The business is urging MPs to quickly adopt changes to the Tax Code regarding VAT taxation on goods received through international postal and express shipments
  • The Ukrainian Business Council (UBC) has addressed the government to remove the tax exemption on international parcels, which discriminates against Ukrainian producers
  • The UBC believes that the current tax exemption leads to losses of 7-9 billion hryvnias per year and creates unequal conditions between national and international e-commerce operators and domestic and foreign manufacturers
  • The UBC supports proposed changes to the Tax Code regarding the taxation of international parcels, which align with Ukraine’s European integration course
  • The OECD has recognized the issue of de minimis in international parcels as a major challenge for customs, leading to tax evasion, competition distortion, and undervaluation of goods
  • The UBC calls for further work on the administration of international parcels in Ukraine and the implementation of measures to address these challenges in the coming years.

Source: news.dtkt.ua

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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