The Verkhovna Rada of Ukraine adopted in the second reading the draft law on raising taxes, which concerns the peculiarities of taxation during martial law. People's deputy Yaroslav Zheleznyak reported this in Telegram. The draft law "On amendments to the Tax Code of Ukraine regarding the peculiarities of taxation during the period of martial law" (No. 11416-d) received the support of 247 deputies.
According to the approved draft law, the amount of the military levy remained at the level of 1.5% for the military, but new rates are being introduced for other taxpayers. The main changes include:
- Military levy increase : The rate will increase from 1.5% to 5% for the period until December 31 of the year in which martial law is suspended or abolished.
- New rates for individual entrepreneurs : the military levy for taxpayers of the third group of single tax will be 1% of income, while for entrepreneurs from the first, second and fourth groups - 10% of the minimum wage, which currently amounts to UAH 800 per month.
- Changes in bank taxation : the income tax rate for banks for 2024 is set at 50%.
- Basic rate for non-banking financial institutions : for these enterprises, the income tax rate will be 25%.
- Improvement of the model of advance payments : this applies to enterprises engaged in the retail trade of fuel.
- Change in the tax period : the tax period for reporting by individuals is changing from quarterly to monthly.
These changes are aimed at increasing tax revenues in wartime conditions and supporting Ukraine's economy. Adoption of the law was an important step for adapting the tax system to new realities.
