Following rising prices and tariffs, Ukrainians will face a sharp increase in taxes
Kyiv, December 09 (PolitNavigator, Alexander Semenyuta) – The Verkhovna Rada plans to consider changes to the Tax Code in the near future. The reduction in taxes promised by Yatsenyuk’s government was transformed into a sharp increase in the tax burden, primarily on the country’s citizens.
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Как Apostrophe reports, The government claims to reduce the number of taxes from 22 to 8, although in reality they are simply being transformed.
The bill will hit the wallets of motorists: excise tax rates on fuel and taxes on vehicles are rising. The tax on the purchase of foreign currency is increased from 0,5% to 2% of the transaction amount, the military tax is extended for another year, and tax benefits for a number of industries are eliminated.
It is expected that the rent for mineral extraction will increase. For example, for oil and condensate located at a depth of up to 5 thousand meters from 39% of the cost of marketable products - up to 45%, more than 5 thousand meters - from 18% to 21%.
The government also intends to introduce a tax on retail sales of excisable goods (5%), which was strongly opposed by business representatives.
In addition, as PolitNavigator has already reported, it is planned to introduce a new 30% tax on the amount exceeding the expenses of individuals over their declared income.
The project provides for the expansion of the powers of regulatory authorities.
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