On July 18, the government approved a bill that provides for an increase in a number of taxes and fees.
This was announced by the government’s representative in the Rada, Taras Melnychuk, and the text of the draft law was published by MP Yaroslav Zheleznyak.
According to the MP, the draft law proposes to raise taxes totaling 140 billion hryvnias. The main changes relate to the military fee.
In particular, it is proposed to:
- increase the military tax rate from 1.5% to 5% for individuals;
- to introduce a military fee for legal entities (corporate income tax payers and single tax payers of groups 3 and 4) – 1% of income;
- to introduce a military fee for individual entrepreneurs of groups 1, 2 and 4 – 5% of two minimum wages per month (totaling UAH 800 per month);
- to introduce a military fee for private entrepreneurs of the 3rd group – 1% of income (in total, such private entrepreneurs will pay 6% of income: 5% – single tax, 1% – military fee).
The draft law also proposes to introduce separate military duty rates for:
- sales of jewelry (30%);
- purchase of precious metals (5%);
- purchase of cars subject to the first state registration (15%);
- supply of mobile services (5%);
- sale of real estate by individuals (5%).
The draft law proposes to introduce monthly advance payments of corporate income tax for taxpayers engaged in retail fuel sales. It will amount to 0.5% of the minimum wage (currently UAH 40) per cubic meter of fuel storage tanks.
The document also stipulates that parcels imported to Ukraine worth more than €45 will be taxed (previously they were taxed at more than €150). Moreover, such parcels must be sent without any payment, intended for family or personal use and in an amount that does not provide for their further sale.
Another proposal of the project is to introduce an excise tax on mineral and carbonated waters with added sugar and other sweetening or flavoring substances at a rate of €0.1 per liter.
