In particular, the tax rate on the profits of financial institutions should be increased for the future, and not for 2024, as proposed. The clarifications also affected the advance payment from petrol stations.
The head of the Verkhovna Rada Finance Committee, Daniil Getmantsev, informed the results of the working group on the government’s bill on raising taxes. After the abolition of some standards, the planned resource of 125 billion hryvnias decreased to 30. Getmantsev reported this on Telegram on Wednesday, August 28.
Based on the results of the working group meeting, it was decided:
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limit military tax increases during tax periods in which martial law is lifted;
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The armed forces will be directed through a special fund exclusively to finance the Armed Forces of Ukraine;
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eliminate the tax on excess profits of banks (the categorical position of the Ministry of Finance and the NBU);
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the advance payment from the gas station is partially clarified;
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the increase in the income tax rate of financial institutions should be left for the future, and not for 2024, as proposed;
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The 1% military tax should be removed for legal entities under the single tax of the third group.
According to Getmantsev, all changes have been agreed with the Ministry of Finance.
“And in the end, the planned resources of 125 billion UAH were diluted to 30.1 billion,” he added.
We remind you that the final government bill on changes to the Tax Code is planned to be submitted to the relevant committee and the Verkhovna Rada for consideration in the first weeks of September.
In July, the Cabinet of Ministers approved changes to the state budget, proposing to increase its spending by UAH 500.3 billion, of which UAH 495.3 billion will be allocated to the needs of the security and defense sector. It was planned that the funds would be raised through increased taxes and increased borrowing in the form of government bonds.
The Finance Ministry also said that a tax hike is inevitable, as all other sources of increased funding for the defense sector have been exhausted.
Source: korrespondent
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