Taxes may increase significantly in Ukraine in the near future. The Ministry of Finance is already working on a new draft law that will increase the value added tax (VAT) and the military levy.
According to preliminary data, the VAT may increase to 22-23% (instead of the current 20%), and the military levy to 5% (currently 1.5%). The innovations will also affect individual entrepreneurs of the first group, who currently pay only a single tax.
The reason for tightening the tax nuts lies on the surface - there is not enough money in the budget. The head of the Ministry of Finance, Serhiy Marchenko, estimates the budget gap at approximately 5 billion dollars (which is more than 200 billion hryvnias). But there are even bigger numbers.
VAT is a budget-forming tax, it is included in price lists for almost all goods and services. Therefore, the increase in value added tax will immediately fall on the wallets of Ukrainians. Moreover, as experts predict, the flywheel of price increase will start - in reality, prices will rise not by 2-3%, but at least by 5%. And medicines can even become more expensive by a record 15%. The military levy is not only a tax "from salaries". It is paid, for example, when buying and selling cars and apartments. And every extra percent of tax there is a lot of money.
But the increase in VAT and military duty are far from the only tax innovations that the government is preparing.
At a low start, for example, the increase in excise duties on fuel, which may take place as early as July 1.
