From the IMF package - the Rada extended the payment of military tax for three years after the end of the war

The Verkhovna Rada adopted in principle and in its entirety a draft law that provides for the extension of the military levy for another three years after the end of the war, as reported by the parliamentary session broadcast, writes UNN.

Details

The draft law "On Amendments to Paragraph 16-1 of Sub-section 10 of Section XX "Transitional Provisions" of the Tax Code of Ukraine Regarding the Collection of Military Levy" was supported by 257 people's deputies in its entirety. Before that, the deputies adopted a decision by 254 votes "for" to recognize the document as urgent.

It provides for the extension of the current provisions of tax legislation regarding the military levy for three years following the year in which martial law is terminated.

According to the document, from January 1, 2025, to December 31 of the third calendar year following the year in which martial law is terminated or canceled on the territory of Ukraine, the obligation to pay the military levy is extended, in particular, in the amount of:

• for individuals in the amount of 5%;

• for individual entrepreneurs - single tax payers of the first, second, and fourth groups - 10% of one minimum wage;

• single tax payers of the third group - 1% of income.

It should be noted that the parliamentarians supported the document taking into account the proposals of the main committee (Committee on Finance, Tax and Customs Policy), in particular, which provide that the military levy is credited to the special fund of the State Budget of Ukraine and is directed to meet the needs of the Armed Forces of Ukraine.

Recall

The relevant Verkhovna Rada committee supported all three tax bills from the package required by IMF commitments - regarding the taxation of income from digital platforms, the taxation of international postal and express shipments, and the extension of military levy payments after the abolition of martial law.