Ukrainians may become the object of a new tax measure announced by the government. The National Revenue Strategy provides for taxation of card-to-card transfers at a rate of 18%. This means that every transaction carried out on a bank card will be subject to tax.
Anatolii Amelin, director of economic programs of the analytical center "Ukrainian Institute of the Future", announced this in his message. The new initiative is part of a broader revenue strategy that covers all non-business income of individuals.
According to the text of the document, "all income of individuals received outside of entrepreneurial activity, except for those directly provided for by the Tax Code of Ukraine, will be subject to taxation at the general rate of tax on income of individuals."
Economist Oleg Pendzyn explained that the idea of taxing transfers is not new, but until now the tax service did not have access to citizens' accounts. Now the authorities are planning to give the tax authorities access to the personal accounts of Ukrainians, violating bank secrecy.
It is not yet clear how each card transaction will be taxed, but this new initiative raises questions about privacy and control over citizens' financial transactions.
