Adopted the Law of Ukraine No. 4184 "On Amendments to the Tax Code of Ukraine Concerning the Abolition of Taxation of Income Received by Non-Residents in the Form of Payment for Production and / or Distribution of Advertising and Improvement of the Procedure for Value Added Taxation of Transactions on Supply of Electronic Services by Non-Residents to Individuals".
The law is aimed at increasing the State Budget revenues from value added tax by attracting non-residents who provide electronic services to individuals, the place of supply of which is located in the customs territory of Ukraine and creating favorable conditions for efficient and unburdensome administration of tax-related procedures for business and the state.
The Law supplemented the Tax Code with norms on the abolition of taxation of income received by nonresidents in the form of payment for the production and / or Distribution of Advertising and Improvement of the Procedure for Value Added Taxation of Transactions on Supply of Electronic Services by Non-Residents to Individuals.