The Verkhovna Rada of Ukraine supported in the first reading draft law No. 15111-d, which provides for the taxation of income earned through digital platforms. The initiative concerns services such as OLX, Bolt, Uklon, Airbnb, Glovo, Uber, and other similar platforms. The draft law covers both Ukrainian and international online services that provide services or facilitate the rental of property and transportation.
This is reported by Finway
Criticism and Concerns Regarding the New Law
During the talk show “Superposition,” the draft law received sharp criticism from Member of Parliament Nina Yuzhanina. She believes that citizens have not yet fully realized all the potential risks posed by the new legislation. According to her, uncertainty and lack of information could lead to numerous fines for millions of Ukrainians who use digital platforms to earn income.
“While we have been discussing digital platforms for over a year. And how strange it is when the Ministry of Finance submits a draft law that completely confuses 10 million citizens who may unknowingly incur a lot of fines and be held accountable to the tax authority. It tears me apart because this draft law was also introduced by the previous government,” said MP Nina Yuzhanina.
Yuzhanina emphasized the need for broad discussions and explanations for the public regarding the changes, as well as avoiding the cancellation of banking secrecy and the introduction of additional special accounts that complicate citizens’ lives.
Features of the Draft Law and Implementation Timeline
Draft law No. 15111-d has become one of the requirements of the International Monetary Fund for further financing of Ukraine. As explained by Finance Minister Serhiy Marchenko, the document harmonizes Ukrainian legislation with EU requirements and complies with the country’s international obligations.
During the preparation for the vote, the government version of the draft law underwent revisions. In particular, the alternative draft law No. 15111-d, supported by deputies, takes into account European standards for the exchange of tax information regarding the sale of goods and the provision of services through online platforms.
Among the key innovations is the possibility of applying a preferential tax rate of 5% for individuals earning income through digital platforms, provided that this income is not related to the main activities of the individual entrepreneur. The requirement to open special accounts and disclose banking secrecy for such taxpayers is also abolished.
According to the text of the draft law, the new tax rules may come into effect no earlier than January 1, 2027, and actual taxation of income will begin in 2028 based on the results of the reporting year 2027. The implementation of the norms will only be possible after signing an international agreement on data exchange and the accession of other countries to it.
In March, the IMF began another round of negotiations with the Ukrainian government, where the main topics included tax reforms, the de-shadowing of the economy, and ensuring budget revenue.