American Chamber of Commerce calls for abolishing VAT exemptions for parcels from abroad.

• The American Chamber of Commerce in Ukraine calls for the cancellation of VAT exemptions for parcels from abroad
• The current VAT exemption for imports under 150 euros creates unfair competition for Ukrainian businesses
• This situation leads to loss of revenue for the State budget and encourages shadow economy activities
• The current VAT regime does not align with EU standards and Ukraine’s goal of EU accession
• The EU has effective VAT administration mechanisms for low-value goods, such as the IOSS system
• It is urged for Ukrainian lawmakers to implement similar approaches to cancel VAT exemptions for cross-border e-commerce
• Applying VAT to all imported goods will strengthen the competitiveness of local businesses and increase tax revenues

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.