E-Resident: Will Famous Athletes and IT Specialists Pay Taxes Now?

04 April 2023, 11:50 | Economy
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Last Saturday, a law on e-residency came into force in Ukraine, which should help attract new tax revenues to the state treasury.. According to the document, everyone who lives abroad can now conduct legal business in Ukraine and even open bank accounts remotely..

As explained in the Ministry of Digital Development, upon completion of testing, it is planned to attract about 1 thousand. "

“We are waiting for the last permission from the NBU, which will help launch the project in full”, – the words of the Deputy Minister of Digital Transformation for IT Development Oleksandr Bornyakov are quoted in the release..

The NBU, meanwhile, has already granted the right to future e-residents to open and close current bank accounts, with the ability to transfer the balance of funds from current accounts in Ukraine to their own abroad..

Now, for example, star Ukrainian athletes who live in other countries and are often their tax residents can now use it if they wish.. For example, the famous Ukrainian football player Andriy Shevchenko, who is a resident of England and replenishes the treasury of only the UK, while having even temporary restrictions on staying in Ukraine, can now conduct his business activities remotely and in our country. Given his significant earnings, only one Shevchenko can significantly help Ukraine with taxes, unless of course he has such a desire..



Similarly, other famous personalities, athletes, businessmen and, of course, IT specialists can now help with taxes, subject to registration in Ukraine.. On the latest, the Ministry of Digital Development makes its main bet, perfectly understanding that this area today continues its active development and capitalization.

Recall that at the end of 2021, it was sole proprietorships that paid record taxes to the Ukrainian budget. Their total figure reached 34.8 billion hryvnia.




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