Ukraine's Ministry of Finance proposes ending the VAT exemption for international parcels under EUR 150 to curb smuggling. The measure aims to generate 10 billion UAH in annual budget revenue by closing tax loopholes used for commercial shipments.
The Ukrainian Ministry of Finance announced that proposed legislation to remove the VAT exemption for international parcels under EUR 150 aims to eliminate smuggling schemes and generate 10 billion UAH in annual budget revenue.
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