The Verkhovna Rada adopted in the second reading the draft law on raising taxes, about what reported People’s Deputy Yaroslav Zheleznyak in Telegram.
Draft law No. 11416-d, which concerns changes to the Tax Code of Ukraine regarding the peculiarities of taxation during martial law, was supported by 247 deputies.
One of the key changes announced by Zheleznyak is that the parliamentarians kept the military levy for the military at 1.5% by adopting a corresponding amendment to the draft law.
The main provisions of the draft law:
- Increasing the military levy and expanding the circle of its payers until the end of the year in which martial law will be abolished or terminated:
- An increase in the military tax rate from 1.5% to 5%;
- Establishing a military levy in the amount of 1% for payers of the single tax of the third group;
- For individual entrepreneurs (PPOs) of the first, second and fourth groups, the fee will be 10% of the minimum salary (i.e. UAH 800 per month for the current minimum salary of UAH 8,000).
- For banks, a profit tax of 50% is set for 2024.
- For non-banking financial institutions (except insurers), the basic income tax rate is set at 25%.
- Improvements have been made to the model for determining advance income tax payments for businesses engaged in retail fuel trade.
- The tax period has been changed from quarterly to monthly for reporting the amounts of income accrued to individual taxpayers, as well as withheld taxes and accrued single contributions.
These changes are designed to increase the efficiency of tax collection and support the state budget in difficult wartime conditions.
