Taxes in Ukraine: The Cabinet plans to increase VAT and military levy - Forbes

It is estimated that only an increase in military levy will be able to additionally replenish the budget by UAH 90-100 billion annually. The Ministry of Finance develops a project of the law on raising military fees and value added tax. Forbes writes about it, referring to the unnamed deputies from the financial and economic bloc of the Ukrainian Parliament and the government. Military collection is planned to be introduced for individuals-entrepreneurs, to increase it from the current 1.

5% to 5% at once. The VAT increase is discussed at the level by 2-3%. The main reason for the probable increase in taxes is the increase in the military needs of Ukraine, which, according to estimates, fluctuate within 400-500 billion hryvnias. According to the calculations of the publication, the increase in the rates of military levy from 1.

5% to 5% for employees (excluding the introduction of military fees for FOP) will be able to bring 90-100 billion UAH per year to the State Treasurer "extra" "extra". According to the people's deputies, the corresponding bill can be relevant to the session hall of the Verkhovna Rada in late June - early July. But even if the document is approved as quickly as possible, new tax rates will work no earlier than September.

At the time of publication of the material of the press service of the Cabinet of Ministers and the Ministry of Economy, they did not comment on the possible increase of taxes in Ukraine. We will remind, in early March Prime Minister Denis Shmigal told where they will take money for additional needs of the Armed Forces. According to the Head of Government, the Cabinet is consulted on defense needs directly with the military. Shmigal also said how many billions of Ukraine needed in 2024.