Svitlana Vorobei
Ministry of Finance Reveals Details of VAT Implementation for FOPs with Turnover from 85 Thousand Euros
The Ministry of Finance of Ukraine plans to require sole proprietors to pay value-added tax after their annual turnover exceeds 85,000 euros. This is equivalent to more than 4 million hryvnias at the current exchange rate.
When VAT for FOPs Will Be Introduced and How Taxes Will Be Paid in 2026
On September 3, 2026, the government approved a package of four tax bills providing for technical preparation for the introduction of value-added tax for sole proprietors. According to forecasts, mandatory VAT for FOPs will take effect on January 1…
