Currently, only the return of VAT rates on imports and import duties is considered. But if the war continues, we need to go back to the pre -war taxation system.
The Cabinet of Ministers does not plan to raise taxes in Ukraine, however, but is considering the return of VAT rates on imports and import duties. This was announced on Thursday night, May 26, by Minister of Finance Sergei Marchenko on the air of the telethon.
“We do not provide increases in taxes, we do not provide strict conditions for their payment. We want to restore a normal functioning tax system, the customs system to balance the budget,” the head of the Ministry said. of Finance.
According to him, in the first stage we are talking about the return of VAT rates on imports and import duties. Marchenko believes this will help support Ukrainian business.
At the same time, the minister said, in case there is a protracted war, it will be necessary to return to the taxation system which is valid until February 24.
“It was a forced decision,” he added.
Marchenko stressed that the state has no other option for funding the army, other than paying taxes. Ukraine cannot continue to borrow funds to maintain troops.
It will be recalled that in March, customs duties on goods and vehicles imported by citizens were canceled for the duration of the war.
Also in March, Ukraine launched a tax reform, including the elimination of all inspections for all businesses.
Authorities are considering refunding taxes for businesses
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.