OLX
OLX is an international online classifieds platform where individuals and businesses can post and browse listings for goods, services, real estate, vehicles and jobs. The service operates in many countries through localized websites and mobile apps, owned by the Prosus group through its OLX Global unit. It is one of the leading online marketplaces in regions such as Eastern Europe, Latin America and parts of Asia.
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Ukraine's parliament adopts law scrapping €150 VAT exemption for foreign-marketplace parcels
On 15 October, the Verkhovna Rada adopted draft law No. 16051-1 in its second reading, ending the VAT exemption for international parcels valued at up to €150 and introducing 20% VAT on goods bought through foreign marketplaces regardless of value. The new rules — meant to align Ukraine with EU law and bring in around 10 billion hryvnias a year for the armed forces — take effect only after a government decision, no earlier than 2027. The bill is tied to a planned €3.7 billion EU macro-financial tranche and an IMF tranche of about $700 million, and it also incorporates a cut in the personal income tax rate for landlords.