The Ukrainian government has approved and submitted a bill to parliament, the Verkhovna Rada, that would change how imported goods, brought through foreign online marketplaces, are taxed. The decision was announced on Wednesday, July 29, by Ukraine’s recently appointed Prime Minister Serhiy Koretsky, who said that the bill would align the country’s tax rules with EU standards, as Ukraine continues its path toward EU membership.JOIN US ON TELEGRAMFollow our coverage of the war on the @Kyivpost_official. “Private gifts worth up to €45 [roughly $51,5] that are sent free of charge would still remain tax-free,” Koretsky said, adding that “the change is meant to create equal conditions for all market participants, support Ukrainian producers, and ensure fair competition.” VAT exemption for imports Under the current system, imported goods worth up to €150 (around $172) that enter Ukraine through international postal shipments are exempt from value-added tax (VAT). The proposed bill would remove that exemption. According to Koretsky, authorities estimate that the reform could bring in more than Hr. 10 billion (roughly $223.3 million) in additional annual revenue. However, even if lawmakers approve the measure, it would not take effect before 2027, giving businesses, marketplaces, and delivery operators time to prepare. According to Koretsky, the Finance Ministry has also been “instructed to work with lawmakers and representatives of all parliamentary factions and groups.” Authorities are expected to prepare the issue and explain the draft bill to “the public in detail.”