Rada raises taxes

The Verkhovna Rada increased taxes.

Member of Parliament from the Holos faction, Yaroslav Zhelezniak, announced this in his Telegram channel, Ukrainian News Agency reports.

A total of 247 MPs voted for the adoption of the bill 11416-d for with minimum required 226.

The bill adopted in the first reading provides for:

1) increase in military fee (MF) for the period until December 31 of the year in which martial law will be terminated, namely:

- rate increase from 1.5% to 5%;

- at the same time, the military fee for the military remains at the level of 1.5%;

- establishment of MF in the amount of 1% of the income of taxpayers of the single tax of the III group;

- establishment of MF for individuals-entrepreneurs - payers of the single tax of the I, II and IV groups at the level of 10% of the amount of the minimum salary;

2) setting the income tax rate for banks for 2024 at 50%;

3) setting the income tax rate for non-bank financial institutions (except insurers) at the level of 25%;

4) improvement of the proposed model for determining the amount of advance payments from corporate income tax for gas stations;

5) changing the tax period from quarterly to monthly for submitting reports on income paid to individuals (for economic reservation);

6) instructing the Cabinet of Ministers to develop a bill on amendments to the Budget Code of Ukraine regarding the inclusion of military fees in the special fund of the State Budget in order to direct them to the needs of financial support of the security and defense sector.

As Ukrainian News Agency earlier reported, the International Monetary Fund may demand an additional increase in taxes if there is a significant difference in revenues and expenditures in the state budget.

The Main Legal Department of the Verkhovna Rada analyzed the bill on raising taxes No. 11416-d and came to the conclusion that its separate norms do not correspond to the Constitution of Ukraine.

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