Newbie Question What Exactly Is This Tax for Sellers?

momevin

New member
Hi everyone,

I am in the very early stages of planning a regional branch for my brand, and the technical terminology is already giving me a headache. I’ve always operated in regions where sales tax is straightforward, but as I look into Eastern European markets, I keep seeing this three-letter acronym everywhere.

I want to make sure I’m being a professional business owner by understanding my liabilities before I start shipping jewelry and timepieces. I need a "for dummies" breakdown of the concept so I can explain it to my husband. Does anyone have a simple answer to what is VAT Ukraine?

Thanks in advance.
 
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