Taxes on OnlyFans and OLX postponed: Parliament rejects bill

This was announced by MP Yaroslav Zheleznyak.

According to the MP, the document is one of the so-called "beacons" of the International Monetary Fund's programme for Ukraine. Its adoption is one of the conditions for further funding from the IMF.

During the vote, only 168 MPs supported the bill, while at least 229 votes are required for a decision to be adopted.

The document stipulated that the tax service would receive information about the income of Ukrainians who earn money through digital platforms.

This included services such as Bolt, Glovo, OnlyFans and other online platforms.

In addition, it was planned to introduce taxation of income received through advertising platforms, in particular OLX.

At the same time, the bill provided for certain exceptions. In particular, there were no plans to tax income from the sale of goods if their volume did not exceed 12 subsistence minimums per year.

As of now, this is approximately 38,500 UAH.

The document also provided for the introduction of two personal income tax rates.

The preferential rate would be 5%, and the general rate would be 18%.

The preferential rate was planned to apply to individuals who have a separate bank account for income from digital platforms, are not self-employed, do not have employees, and do not trade in excisable goods.

In addition, their annual income from such platforms was not to exceed UAH 6.7 million.