The tax increase will be introduced "retroactively"

The Tax Committee of the Verkhovna Rada of Ukraine adopted the government draft law, which provides for tax increases in several key areas, for the repeated first reading. Currently, an increase in the military levy, taxes for individual entrepreneurs (PPO) and banks, as well as the introduction of advance payments at gas stations (gas stations) are being discussed. Some people's deputies express indignation that the changes are proposed to be introduced "retroactively".

The Tax Committee of the Verkhovna Rada adopted the version of the government's draft law on raising taxes for the repeated first reading, People's Deputy Yaroslav Zheleznyak reported.

"Ministry of Finance: they will propose the introduction of tax increases "retroactively" from October 1," Zheleznyak wrote in Telegram.

As Zheleznyak later added, the Tax Committee of the Verkhovna Rada adopted the version of the government's draft law on raising taxes before the repeated first reading.

The document provides:

- increase in military levy from 1.5% to 5%

- tax increase for the 1st-2nd group of FOP

- advance payments at gas stations

- 1% on all forms of FOP of the 3rd group

- 25% of profit to financial institutions

– monthly income tax reporting (for economy booking)

- 50% tax on bank profits in 2024.

"Since the law will not be adopted in general by October, the implementation will be "retroactive" from October 1.

Thus, for this year, such tax changes will bring UAH 58 billion in 2024, and UAH 137 billion in the next year, Zheleznyak added.

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