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Business urges Verkhovna Rada to reduce VAT-free parcels to 45 euros for international shipments.

  • Business is asking the Verkhovna Rada to make changes to reduce the cost of parcels without VAT to 45 euros
  • Members of the Ukrainian Business Council (UBC) are calling for changes to be made to section 196.1 of the Tax Code regarding the taxation of VAT on goods received through international postal and express shipments with a customs value not exceeding the equivalent of 45 euros
  • The UBC experts analyzed the changes proposed by the Cabinet of Ministers regarding the taxation of imported goods in international postal and express shipments with a customs value not exceeding the equivalent of 150 euros
  • The UBC supports the proposed changes to the taxation of international parcels, which align with Ukraine’s European integration course
  • The OECD recently released Framework Standards on combating illegal trade, recognizing the issue of de minimis in international parcels as a major challenge for customs
  • It is necessary to work towards a comprehensive national model for administering VAT on international parcels, considering global trends and the need for more efficient control and administration of VAT on small parcels

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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