The Cabinet of Ministers approved the draft law on the taxation of goods on marketplaces

The Cabinet of Ministers approved the draft law on the taxation of goods on marketplaces

The Cabinet of Ministers of Ukraine has approved a draft law that provides for the taxation of goods sold on such platforms as OLX, Prom, Rozetka, and others.

Sellers will be required to pay a 5% tax and a 5% military levy on each unit of goods.

These rules also extend to property rental, including real estate, parking spaces, and vehicles, as well as the provision of personal services.

If a person sells more than three goods or services totaling over 2000 euros within a year, they will be required to open a separate bank account. Tax authorities will be able to access data on transactions in these accounts.