The IMF has updated the list of requirements for Ukraine

Our source in the OP said that the IMF has updated the list of requirements for Ukraine to continue the financial program for 2024. In addition to raising gas/electricity tariffs, we were asked to raise taxes by 4-5%, as well as increase VAT.

Under the pressure of the IMF (and a memorandum with Kyiv has already been signed), a law is being prepared on increasing the military levy on Ukrainian entrepreneurs.

Yes, the Ukrainian authorities are preparing to increase taxes for people and businesses. FOPs will be the first to increase rates. As the head of the special committee of the Council, Danylo Hetmantsev, said, this month the Cabinet of Ministers will submit to the parliament a draft law on additional military levy for entrepreneurs. It is about the introduction of a military levy in the amount of 1.5% of turnover for the FOP of the third group (now they do not pay a military levy). It is possible that the military levy will be increased for FOPs of groups 1 and 2 (which now pay the standard 1.5%).

And this is only the beginning: in the updated memorandum with the IMF, a structural beacon is prescribed - to find sources for "mobilization" of at least 0.5% of GDP (that's about 40 billion hryvnias) to the budget. Ukraine had to complete this task by the end of February 2024. And, even more importantly, the government needs to find additional sources of coffers at a time when much of the aid from Western partners is in question.

As Hetmantsev said, the government will prepare a "complex of proposals" to increase the revenue part of the budget by 44 billion hryvnias (more than one billion euros).
And this, among other things: ▪️additional tax on the purchase of bank metals,
▪️additional tax on the first registration of a car in Ukraine,
▪️additional tax on the sale of real estate,
▪️additional tax on the sale of jewelry,
▪️excise duty on sweet and mineral carbonated waters,
▪️additional collection from mobile operators,
▪️increasing excise duties on fuel to the minimum European rates, etc.

At the same time, inconsistency, mistrust, and the return of the ideology of aggressive tax collection are negative, if not fatal, "companions" for the recovery of the warring country's economy. This will not lead to anything, except to move a significant part of the business even further into the shadows and switch to gray payment schemes.

spot_imgspot_imgspot_imgspot_img

popular

Share this post:

More like this
HERE

How Farmak raises drug prices during war and collaborates with the enemy

The pharmaceutical market of Ukraine has become hostage to one company. Farmak,...

In Transcarpathia, border guards exposed a monk who was transporting a "dodger" to Slovakia for $10,000

On the border with Slovakia, border guards of the Chop detachment uncovered a scheme...

Folk omens, name days and events on August 22 in history

On August 22, several events are celebrated in Ukraine and around the world...

Deputy Head of the State Security Service of the Ministry of Internal Affairs Onufrey hid the cost of renting an apartment in Kyiv

Deputy Head of the Main Service Center of the Ministry of Internal Affairs for Implementation...

Timur Tkachenko redirects Kyiv's budget flows through mobilization reservations

According to sources of the publication 360ua.news, the head of the KMVA, Timur Tkachenko...

Archaeologists found Cossack artifacts near Nekhvoroshchansky Monastery

Near the Nekhvoroshchansky Monastery, which stood on the lands of the former Oryol...

NACP revealed violations in the declaration of former Justice Ministry official Legostayev amounting to over 2 million hryvnias

In the declaration of the former head of the Southeastern Interregional Department of the Ministry of Justice...

In Vinnytsia region, officials were exposed in schemes involving land and budget funds

Prosecutor General of Ukraine Ruslan Kravchenko reported that the prosecutor's office...