In the first reading, the Verkhovna Rada of Ukraine supported the draft law, which provides for an increase in taxes in the amount of UAH 58 billion this year and UAH 137 billion in the next. For the bill In No. 11416 241 deputies voted.
The document includes the following key changes:
- increase in the rate of military duty from 1.5% to 5%.
- tax increase for FOPs 1, 2 and 4 groups with the introduction of a military levy at the level of 10%.
- introduction of advance payments for gas stations (gas stations).
- establishment of 1% income tax for FOPs of the 3rd group.
- introduction of 25% income tax for non-bank financial institutions.
- introduction of monthly reporting on personal income tax (PIT).
At the beginning of September, this draft law did not receive support in the first reading, so it was sent for revision.
Earlier, the Cabinet of Ministers of Ukraine approved changes to the state budget for 2024, increasing defense spending by UAH 495.3 billion. Since international partners do not finance Ukraine’s military expenses, these funds are covered by internal taxes and borrowing. Most of the additional defense costs are planned to be financed by increasing state budget revenues by more than UAH 214 billion and domestic loans by more than UAH 160 billion.
