Ukrainians pay 8.4 billion hryvnas in Google tax over last 10 months
Source: Danylo Hetmantsev/Telegram
Foreign companies providing digital services in Ukraine have paid over 3.1 billion hryvnias on their profits in the third quarter of 2024.” Known as a Google tax, this policy helped Ukraine take in 8.4 billion hryvnias in revenue this year.
Compared to the second quarter, such tax obligations rose by 7%. New tax contributors this quarter included international companies like Zoho Corp., Notion Labs, and FX Replay.
Leading contributors such as Google, Apple, META Platforms, and Valve Corp. still top the list of biggest tax-payers, contributing over 2.2 billion hryvnias collectively. Meanwhile, companies like UpWork Global, Sony, and Etsy, added some 300 million hryvnias.
Ride-sharing companies Uber, Uklon, and Bolt reported a VAT total of 89.4 million hryvnias, up by 20 million hryvnia from the 2nd quarter.
Notably, adult entertainment platforms OnlyFans and PornHub prove to be a dilligent tax-payers contributing 58.4 million hryvnias in VAT payments, and it is happening despite the fact Ukrainian laws ban the production and distribution of adult content.
Amendments to Ukraine’s enforcement proceedings legislation, initiated by the Ministry of Justice of Ukraine, have entered into force. Among other measures, the reform provides for the automated lifting of attachments on bank accounts immediately after debts in enforcement proceedings have been fully settled. The main practical benefit for citizens is the complete elimination of the need to contact an enforcement officer in person and wait for paper decisions once the debt has been paid.
The 157th Separate Mechanized Brigade has received another batch of supplies as part of Rinat Akhmetov’s Steel Front military initiative. This time, the military received seven quad bikes and four mobile shower and bath units.
In my previous column, I wrote about social innovations in Ukraine. Those innovations are part of civic resilience and the democratization of security, which Europe is paying close attention to right now. The EU is trying to work out how to spread responsibility for its own security across society as a whole, rather than leaving it to institutions alone. It is looking for concrete ways to bring ordinary people into the work of defense and resistance.
Petro Poroshenko’s lawyers have appealed to the High Anti-Corruption Court demanding that NABU be obligated to register proceedings regarding the fact of exerting influence on the court and to recognize Petro Poroshenko as a victim in the case of the Deputy Head of the Office of the President, Iryna Mudra, due to her pressure on Supreme Court judges who were considering a lawsuit to overturn sanctions.
Internationally recognized brands and financial institutions should direct capital to Ukraine now, not waiting for the hostilities to end. This was emphasized by Rinat Akhmetov, president of FC Shakhtar, during a working visit to UEFA headquarters in Nyon, Switzerland, where he met with UEFA President Aleksander Čeferin.