Tax Service to be able to track EUR 2,000 preferential sales limit on all digital platforms – Hetmantsev

The exemption will amount to EUR 2,000 per year on sales through digital platforms. This limit, proposed by the Verkhovna Rada’s parliamentary Committee on Finance, Taxation, and Customs Policy in draft law No. 14025, will apply to sales on all platforms, and the State Tax Service will be able to monitor compliance with this overall limit, said committee chairman Danylo Hetmantsev.

"The systems identify each seller and report each sale to the State Tax Service. If the total volume exceeds EUR 2,000 per year, the State Tax Service will send the taxpayer a pre-filled preliminary tax declaration, which they must either submit or challenge," he said in an interview with Interfax-Ukraine.

Hetmantsev noted that he disagrees with calling this draft law the "OLX bill."

"Rather, it’s a bill about Uber or Bolt. I don’t understand why it was labeled OLX, because it’s not primarily about goods – it’s mainly about services. And regarding services, there are no conflicts either with business or the Ministry of Finance. In fact, businesses are asking us to pass this bill," he emphasized.

In his view, the proposed EUR 2,000 exemption resolves the issue in the draft law regarding goods sales.

"I would like to remind you that for the past 20 years, all sales of any movable property by individuals have been taxed. We are correcting this unfairness," Hetmantsev added, specifying that the committee also proposed removing the limit on the number of sales per year, which had been included in the government’s draft.

The committee chairman expects the draft law to be adopted alongside the second reading of the budget, as the revenues from it are already accounted for in the budget.