Cabinet Approves Draft Law on Data Exchange for Income from Digital Platforms

On August 27, the Cabinet of Ministers approved a draft law introducing the international automatic exchange of information on income from digital platforms. The document harmonizes Ukrainian tax legislation with EU and OECD standards and fulfills Ukraine’s commitments to the IMF, EU, and OECD.

The law will allow Ukraine to join the global data exchange system (including platforms such as Bolt, Airbnb, Booking, Uber, Glovo, etc.). Information about the income of tax residents will be submitted to the State Tax Service by the platforms and foreign authorities. Platform operators will act as tax agents, so most taxpayers will not need to file declarations.

Key changes:

• A 5% personal income tax (PIT) rate for individual sellers if: there is a separate account, no employees, income ≤ 834 minimum wages (~UAH 6.7 million), and no excise goods are sold;
• The general PIT rate remains 18% for everyone else;
• One-time sales up to €2,000 (≤ 3 per year) may be conducted through a personal account;
• Income up to UAH 36,336 per year is tax-exempt.

Benefits:

The draft law will next be considered by the Verkhovna Rada.