Google pays over in taxes $86 million to Ukrainian budget
Ukraine's budget received $53.4 million and €33.7 million in taxes from Google (Photo:luck.designr.gmail.com / Depositphotos)
Since the beginning of the year, the budget has received $53.4 million and €33.7 million from the so-called “tax on Google”, Chairman of the Parliamentary Committee on Finance, Taxation, Customs Policy, Danil Getmantsev, announced on Telegram on Nov. 2.
He added that the declaration campaign for Q3 2022 on value-added tax by non-residents providing electronic services in Ukraine continues through Nov. 9, 2022.
In 2022, the number of registered taxpayers in this category increased to 80.
The largest amounts came from Apple, Netflix, and Taxamo Checkout. On a separate note, the parliamentarian noted that adult subscription site Onlyfans is one of the most disciplined payers, contributing a total sum of $890,000.
Since January 2022, that is, when a new law taxing tech giants came into force, a number of companies have announced an increase in the cost of their services for Ukrainians by 20% (the percentage they’re liable for under the new taxation law). Amazon, eBay, Adobe, Google, Facebook, and others announced price hikes.
Follow us on Twitter, Facebook and Google News
