Parliament of Ukraine Adopts Odious Bill on Overseas Parcels

November 12, 2018
Parliament of Ukraine Adopts Odious Bill on Overseas Parcels

From now on foreign parcels will be subject to VAT. For example, there are goods bought in international online shops or gifts from relatives. These are parcels valued at more than 150 euros. The regulation will come into operation from January 1, 2019. And since 30 June, 2019 maximum value of tax-deductible parcels will be reduced to 100 euros. In addition, the abovementioned bill increases excise tax on tobacco products (by 9%), ecology CO2 tax, as well as rental fee on oil and wood. The increase in revenues to the state budget is the main goal of the bill.

Adapted from Ekonomichna Pravda

Photo credit by Radio Liberty

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