Ukraine plans to introduce taxes on income from digital platforms.

Thursday, January 16, 2025
Ukraine plans to introduce taxes on income from digital platforms.

With the move, the state expects to receive ₴10B annually from Glovo, Bolt, Uklon, and others. In April 2025, the Ukrainian government must submit to parliament a bill on the taxation of digital platforms, such as Bolt, Uklon, or Glovo. This is one of the government’s commitments on Ukraine’s path to the EU, and one of the IMF’s beacons.

The parliament’s finance committee reported that digital platforms employ several hundred thousand individuals in more than two dozen companies, so taxation of digital services could generate approximately ₴10B ($245M) for the budget annually. The bill’s working group is considering a reduced tax rate for digital platforms, 5% of income, but discussions revolve around the issue of the taxation process itself.

Representatives from Uklon, Bolt, and Glovo note that they generally support the government and parliament’s initiative to introduce taxation for the digital platform market. They are part of the working group under the Ministry of Finance that is developing the bill.

 

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
The EC continues to work on a roadmap to eliminate Russian gas.

The EC continues to work on a roadmap to eliminate Russian gas.

Next post
New EU sanctions against Russia: Which sectors will be hit?

New EU sanctions against Russia: Which sectors will be hit?

Previous Main Topics