Post by account_disabled on Feb 25, 2024 7:15:11 GMT
On June 3, 2021, it was adopted at the parliament sessionbillNo. 4184 on taxation of non-resident enterprises that provide electronic services to individuals in Ukraine. It was popularly called the "Google tax." But in reality, the law applies to a much larger number of technogiants. Among them are Apple, Facebook, Adobe, Booking, Disney, Netflix, Amazon, Youtube and others. Now all the above-mentioned and not only foreign providers of electronic content (in any form) are obliged to deduct 20% of VAT to the treasury, if the value of the services provided by them exceeds 1 million hryvnias. for a year.
The explanatory note to the law states that previously the absence of tax violated the basic principles of taxation and created an uncompetitive Business Owner Phone Numbers List environment for resident taxpayers. What will happen to the market of electronic services after the entry into force of the law and who will ultimately pay VAT - read on. Ukraine adopted a law on Google tax Read also : How adaptive media ads in KMS brought + 75% conversions: IVR.UA case Content: What is the "Google tax" and how does it work in other countries. Tax on Google in Ukraine: adaptation of European experience.
What will happen to the e-services market after the Google tax law comes into force. Conclusions.. What is the "Google tax" and how does it work in other countries The Google tax is draft law No. 4184 on amendments to the Tax Code of Ukraine regarding the abolition of taxation of income received by non-residents in the form of payments for the production and / or distribution of advertising and improvement of the procedure for taxation of value added tax on transactions involving the supply of electronic services to individuals by non-residents.
The explanatory note to the law states that previously the absence of tax violated the basic principles of taxation and created an uncompetitive Business Owner Phone Numbers List environment for resident taxpayers. What will happen to the market of electronic services after the entry into force of the law and who will ultimately pay VAT - read on. Ukraine adopted a law on Google tax Read also : How adaptive media ads in KMS brought + 75% conversions: IVR.UA case Content: What is the "Google tax" and how does it work in other countries. Tax on Google in Ukraine: adaptation of European experience.
What will happen to the e-services market after the Google tax law comes into force. Conclusions.. What is the "Google tax" and how does it work in other countries The Google tax is draft law No. 4184 on amendments to the Tax Code of Ukraine regarding the abolition of taxation of income received by non-residents in the form of payments for the production and / or distribution of advertising and improvement of the procedure for taxation of value added tax on transactions involving the supply of electronic services to individuals by non-residents.