UA RU EN

Association of Cities Against VAT for Individual Entrepreneurs: Why Business Awaits the Moratorium

Міста об’єднуються задля захисту прав підприємців: як мораторій вплине на розвиток бізнесу. Photo: Главком

Address from the Association of Cities of Ukraine

The Association of Cities of Ukraine has addressed the president, government, and parliament with a demand not to impose a 20% VAT on individual entrepreneurs (IEs). This address supports Bill No. 14295, initiated by the 'Fatherland' party, which provides for a moratorium on new taxes for small businesses. In the context of economic challenges faced by entrepreneurs, such an initiative is crucial for preserving and developing small businesses in Ukraine.

Support for Entrepreneurship

The leader of the 'Fatherland' party, Yulia Tymoshenko, announced the collection of signatures to support the petition to the president, which also indicates the activation of efforts by political forces to defend entrepreneurship. She emphasized:

“Today, more than ever, it is important to unite efforts and decisively stand up for small entrepreneurship.” - Yulia Tymoshenko

However, it is worth noting that the petition on the official website of the president has already been blocked twice, which raises concerns among entrepreneurs.

The Association of Cities of Ukraine has also initiated a strategic partnership with the #SaveIE movement, indicating a desire to join forces to protect business. As part of this partnership, the signing of a memorandum of cooperation is planned, aimed at supporting IEs in their aspirations. The situation around the introduction of a new tax and the public's reaction to this issue remain in the spotlight for both entrepreneurs and politicians.

The introduction of a 20% VAT for IEs has caused significant resonance in society, as small businesses are an important component of Ukraine's economy. In conditions of economic instability, entrepreneurs require support from the state, and initiatives like a moratorium on new taxes can significantly affect their activities. The further development of the situation around this issue may determine not only the fate of small businesses but also the overall economic climate in the country.