2024-02-13
170
1 minutes.


“Tax on Google”: how non-resident companies replenished the Ukrainian budget by UAH 2.513 billion.

The head of the Verkhovna Rada Committee on Financial, Tax and Customs Policy, Daniil Getmantsev, revealed new information about the tax that companies providing electronic services in Ukraine are required to pay.

Tax on Google

For the fourth quarter of 2023, 96 declarations were compiled from non-residents providing electronic services in Ukraine. The total amount of tax payments amounted to UAH 2.513 billion (€30.1 million and $34.4 million), which is UAH 421 million more than in the third quarter.

Largest payers

  • Google
  • Sony
  • ETSY
  • Apple
  • Meta Platforms
  • Wargaming Group
  • Netflix

It is especially worth noting that the OnlyFans service, which has so far been criticized in Ukraine, paid $1.273 million in taxes for providing services in the country in 2023.

Tax on Google how non resident companies replenished the Ukrainian budget by UAH 2 513 billion

"It is noticeable that international companies are not waiting for the deadline and have already paid 2.17 billion hryvnia, which constitutes 86% of the total tax volume," Getmantsev noted.

Glossary

  • Google Tax: Value added tax that non-resident companies are required to pay in Ukraine from 1 January 2022. The tax percentage is 20% of the total revenue from the provision of electronic services.
  • Non-residents: Companies that do not have an official representative office in Ukraine.
  • Electronic services: Services provided in electronic form, such as software, videos, music, etc.

Tax on Google how non resident companies replenished the Ukrainian budget by UAH 2 513 billion

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Tax on Google how non resident companies replenished the Ukrainian budget by UAH 2 513 billion

Answers to questions

What information was disclosed by the head of the Verkhovna Rada Committee on Financial, Tax and Customs Policy, Daniil Getmantsev ?

The head of the Verkhovna Rada Committee on Financial, Tax and Customs Policy, Daniil Getmantsev, revealed new information about the tax that companies providing electronic services in Ukraine are required to pay.

What tax remains mandatory for companies providing electronic services in Ukraine?

Value added tax (VAT), also known as Google tax, remains mandatory for companies providing electronic services in Ukraine.

What are the tax results for the fourth quarter of 2023?

During the fourth quarter of 2023, 96 declarations were drawn up from non-residents providing electronic services in Ukraine. The total amount of tax payments amounted to UAH 2.513 billion (€30.1 million and $34.4 million), which is UAH 421 million more than in the third quarter.

Which companies are the largest tax payers?

Among the largest payers of the tax on electronic services in Ukraine are the following companies: Google, Sony, ETSY, Apple, Meta Platforms, Wargaming Group and Netflix.

How much taxes did OnlyFans pay for providing services in Ukraine in 2023?

The OnlyFans service paid taxes in the amount of $1.273 million for the provision of services in Ukraine in 2023.

Copywriter Elbuz
Brief description
Last quarter, the Ukrainian tax on Google brought a significant amount to the budget. The head of the Verkhovna Rada Committee on Financial Affairs shares the details and explains which companies must pay this tax.
Article Target
Inform
Style
Informative
Target audience
Business community, economists, tax specialists


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Last quarter, the Ukrainian tax on Google brought a significant amount to the budget. The head of the Verkhovna Rada Committee on Financial Affairs shares the details and explains which companies must pay this tax.


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