Author: Олександра Некращук

The Ukrainian Parliament recently approved a historic tax increase, as reported by MP Yaroslav Zheleznyak. The bill, supported by 247 deputies, includes raising the military fee from 1.5% to 5% for all taxpayers except military personnel. The legislation also introduces a military fee for sole proprietors, a 50% tax on banks, and increases in minimum tax obligations for land plots and income taxes for financial companies. Additionally, the bill exempts cashback from taxation and implements monthly reporting for personal income tax. Moreover, the rent for gravel extraction will also see an increase. This move aims to bolster Ukraine’s tax revenue…