A Verkhovna Rada committee has approved a draft law that would increase taxes for a second first reading. Earlier, it failed to pass during consideration in the parliamentary hall. This was announced by MP Yaroslav Zheleznyak, Komersant ukrainskyi
reports
The MP noted that the text of the draft law remained almost the same, but a clause on raising the tax on banks was added to it.
So now the draft law No. 11416-d provides for
- an increase in the military tax from 1.5% to 5%
- increase in taxes for groups 1-2 of individual entrepreneurs
- advance payments for petrol stations
- 1% for all forms of group 3 sole proprietorships
- 25% of profits for financial institutions
- monthly personal income tax reporting (for economy bookings)
- 50% income tax on banks in 2024.
Since the law will not be adopted in its entirety by October, the implementation will be retroactive to 1 October.
Thus, for this year, such tax changes will bring UAH 58 billion in 2024 and UAH 137 billion next year.
Earlier it was reported which taxes are likely to be introduced and increased from October this year:
- increasing the military tax rate to the income defined in Article 163 of the Tax Code to 5% (currently 1.5%);
- establishing the obligation for legal entities to pay the military fee in the amount of 1% of income from any activity for corporate income tax payers and single tax payers of groups 3 and 4;
- establishing the obligation to pay a military fee of 5% based on two minimum wages per month by individual entrepreneurs and single tax payers of the first, second and fourth groups;
- establishing the obligation to pay the military fee in the amount of 1% of the income of individual entrepreneurs by single tax payers of the third group;
- establishing the obligation to pay a military tax of 5% of the value of precious metals by legal entities and individuals who purchase precious metals from banks;
- establishing the obligation to pay a military duty of 30% of the value of jewellery sold by enterprises, institutions and organisations and individual entrepreneurs engaged in retail trade in gold, platinum and precious stones (including those made from tolling);
- establishing the obligation to pay military duty in the amount of 15% of the value of acquired movable property by enterprises, institutions and organisations, individuals who acquire ownership of passenger cars subject to the first state registration in Ukraine by the territorial bodies of the Ministry of Internal Affairs, except in cases of providing passenger cars to persons with disabilities in accordance with the law;
- establishing the obligation to pay military duty in the amount of 5% of the income from the sale of real estate by individuals who sold one real estate object during the reporting tax year;
- establishing the obligation to pay a military duty of 5% by electronic communication service providers that provide mobile communication services, paid by end users of such services;
- establishing a specific excise tax rate of EUR 0.1 per litre of fuel.