On 27 August, the Cabinet of Ministers of Ukraine approved a draft law introducing international automatic exchange of income data from digital platforms (Bolt, Airbnb, Booking, Uber, Glovo, etc.). The document implements the EU DAC7 Directive and OECD rules, introduces a preferential personal income tax (PIT) rate of 5% (instead of 18%), and grants platforms the status of tax agents. For businesses, this means new obligations: reporting, data retention for up to five years, increased oversight by tax authorities, and fines of up to 100 minimum wages. At the webinar, we discussed the key novelties of the draft law and provided practical recommendations to help businesses prepare for the new rules, reduce risks, and ensure transparency in the new regulatory environment.
Questions for discussion:
- New legislative initiatives
- Draft amendments to the Tax Code
- Key objectives and rationale
- Preferential PIT rate, tax agents, special accounts
- Who ultimately pays?
- Lessons from the “Google tax”: impact on users
- Anticipated mechanism of shifting the tax burden to sellers and consumers
- Potential changes in the cost of goods and services
- Administrative and financial risks for businesses
- New obligations for platforms: reporting, audits, data retention
- Tax authorities’ powers over bank accounts
- Fines and suspension of cooperation with sellers
- Critical analysis and hidden challenges
- Weak points of the draft law
- Implementation issues under martial law
- Risks for SMEs, freelancers, and startups
- Alternatives: what could be done differently
- Progressive taxation
- Tax incentives for newcomers
- Voluntary model + transition period
Speaker:
Nataliia Mysnyk, Senior Associate, Attorney-at-Law, Domestic Litigation, Tax Litigation, Vasil Kisil and Partners. Nataliia is an attorney with over 10 years of practice, specializing in tax and commercial disputes. She has successfully represented businesses in tax and commercial courts and has extensive experience advising corporate clients in dealings with regulatory authorities.
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