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Ukraine will not impose an additional tax on non-resident tech giants like Facebook and Netflix, but will only force them to pay value-added tax on electronic services they sell to Ukrainians.
This was said by the popular deputy of the Servant of the People, chairman of the parliamentary committee on financial, fiscal and customs policy, Daniil Getmantsev, reports hromadske. The Popular Deputy explained that VAT (Value Added Tax) must be paid by everyone, but so far there are no instruments in the legislation to “manage this activity.”
Therefore, the new bill prescribes the obligation of “electronic commerce services” to pay taxes. “The current situation is that our advertisers have to pay VAT, and for some reason the big transnational giants are really exempt from VAT. This is a wrong situation, we must correct it. And by the way, we find Facebook, with others big companies, they didn’t mind paying this tax, “Getmantsev said.
We are talking about the tax that exists now, and the new law should introduce a simplified mechanism for its payment. The question arises whether giants like Google, Facebook and Netflix will pass this tax on to their users. “Scientists have come to the conclusion that who is the actual payer of taxes or to whom they are transferred does not depend on the structure of the tax, nor on the intention of the legislator, but on the specific market situation, that is, how it is carried out. they relate supply and demand. If my product has no demand, I take this tax, if it does, I transfer it to the consumer “, said the Popular Deputy.
Getmantsev himself suggests that some services will continue to rise in price due to the tax. “But it can be argued with certainty that if bread, sausages and milk, essential goods, are taxed, then non-essential services should be taxed. Furthermore, a situation of different levels of tax should not be created within the same jurisdiction. “he added. summarized deputy.
As OBOZREVATEL reported:
