On April 8, the Verkhovna Rada adopted as a basis a bill on the introduction of international automatic exchange of information on income received through digital platforms and taxation of such income (reg. No. 15111-d). This, Sotsportal informs, was reported by the press service of the Verkhovna Rada of Ukraine. The PromPolitInform portal reports.
International automatic exchange of information on income received through digital platforms is being introduced, which is an international obligation of Ukraine to the IMF.
The revised bill significantly improves and simplifies the approach to taxation of such income proposed by the government.
What the draft law proposes:
takes into account the requirements for the exchange of information on the sale of goods in accordance with Council Directive (EU) 2021/514 of 22 March 2021 amending Directive 2011/16/EU on administrative cooperation in the field of taxation;
provides for simplification of the conditions for applying the preferential rate (5%) for taxation of income received through digital platforms, namely:
provides for the possibility of applying preferential conditions for taxation of income from platforms for self-employed persons;
excludes the provision on opening special accounts for sellers through platforms and on disclosure of bank secrecy;
clarifies the requirements for a tax agent – a non-resident platform operator, and also provides for simplification of the procedure for submitting reports (once a year through a special portal solution) and paying taxes (monthly in foreign currency);
simplifies the procedures for paying tax obligations by individuals who receive income through platforms, in cases where the amount of income received exceeds 834 times the amount of wages established by law as of January 1 of the reporting year, or if income from the sale of goods exceeds the amount of non-taxable income;
eliminates the risk of recognizing employment relationships between the platform operator and accountable sellers regarding the provision of personal services through the platform.
As is known, such digital platforms include, in particular, services for renting out housing (for example, Booking), taxis (for example, Bolt or Uklon), selling things (OLX) or other applications through which a person can provide services or sell goods.
