Ukraine 2015 anti-fraud VAT changes

Thu 21st Aug 2014

The Ukrainian VAT code is to be updated from 1 January 2015 largely in an attempt to reduce extensive fraud.

The changes include:

  • Input VAT recorded from services provided under the reverse charge (e.g. import of services from outside of Ukraine) may be declared in the same month as the output – instead of the following month as currently is the rule
  • The VAT registration threshold is to be increased from UAH 300,000 to UAH 1,000,000
  • Compulsory electronic invoices are to be introduced to help eliminate VAT extensive fraud, and invoice numbering logged with central invoice portal
  • Goods may not be sold for an amount lower than the taxable purchase price without authorisation