Government bill on tax increase will not be adopted in its current version - Zhelezniak

Bill No. 11416 on tax increase submitted by the Cabinet of Ministers will not be adopted in its current version.

Yaroslav Zhelezniak, a member of the Verkhovna Rada from the Holos faction, the first deputy chairman of the tax committee, announced this to journalists, the Ukrainian News agency reports.

"The government bill in this form will not be adopted. That’s it, forget about it. I believe that next plenary week we will start considering the bill in the first reading of the new version, which, I don't know, will be introduced either by parliamentarians from the coalition or by the Cabinet of Ministers. There will be many changes as a result of negotiations with business," he said.

In his opinion, the provision on raising the military levy will definitely remain in the bill, while all other changes are "still under question."

"It will be some construction in which we need to find tentatively 80, 100, 125 billion. This should be taken into account by the government and the Ministry of Finance, depending on the need. But I have a feeling that many comments from business will be taken into account. it will be a much different text. But, once again, this is a question to the coalition, to the government. And I think that in a week we will understand what the models will be," he added.

Zhelezniak called the increase of VAT in particular unlikely.

As the Ukrainian News agency earlier reported, the government's tax initiatives aimed at increasing budget revenues may increase inflationary pressure.

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