The Ministry of Finance of Ukraine reacted to the announcement of the introduction of a tax on card-to-card transfers, claiming that the relevant information is not reflected in the text of the National Revenue Strategy. It is noted that in section 4.3.1, which refers to the reform of the simplified taxation system, it is indicated that all personal income received outside the scope of entrepreneurial activity will be subject to taxation at the general personal income tax rate.
However, the Ministry of Finance notes that there are no words in the text referring to "any receipts on an individual's card". It is also indicated that the phrase on the taxation of income received outside the boundaries of entrepreneurial activity reflects the general principles of taxation that already exist in the current tax legislation (in Chapter IV of the current version of the Tax Code of Ukraine).
This clarification notes the discrepancy between the information that has appeared in the media and the actual content of the revenue strategy, indicating that incorrect conclusions can be drawn based on the misinterpretation of the information.
