Our source in the OP said that the Office of the President has agreed with the NBU on a phased devaluation of the hryvnia starting in April. According to Bankova's plans, it is necessary to close the 500 billion hryvnia hole at the expense of gold and foreign exchange reserves and a printing press. By the end of 2024, the exchange rate should drop to 49-51 hryvnia per dollar to stabilize the budget.
The Cabinet of Ministers has prepared a package of new taxes for Ukrainians to plug the hole in the budget due to cuts in Western aid.
The government is going to introduce new taxes to finance defense needs
Yes, they plan to introduce additional taxation in the form of:
▪️0.1% military levy on the profits of enterprises and income of individual entrepreneurs;
▪️1.5% - from the value of precious metals;
▪️30% - from the value of jewelry;
▪️10% - from the value of movable property.
▪️The possibilities of additional taxation of real estate transactions and the introduction of an additional tax on some other transactions are being calculated.
At the same time, even the introduction of these new taxes will not be able to cover all additional budget needs, as the total fiscal effect from them will be only about 40 billion hryvnias. Therefore, the issue of increasing the rates of basic taxes, namely VAT and military levy (on individual income), is being considered.
