Government proposes to increase military duty to 5% and expand the range of taxpayers
Kyiv • UNN
The Cabinet of Ministers has registered a draft law amending the Tax Code. It proposes to increase the military tax rate to 5% and oblige third-group individual entrepreneurs to pay 1% of the tax for the period of martial law.
On July 18, the Cabinet of Ministers of Ukraine registered the draft law “On Amendments to the Tax Code”. Among other things, it proposes to increase the military tax rate to 5% and oblige private entrepreneurs of the third group to pay 1% of the tax. This was announced in Telegram by the Permanent Representative of the Cabinet of Ministers of Ukraine in the Verkhovna Rada Taras Melnychuk, UNN reports .
Details
Draft Law No. 11416 provides for new rules of military duty for the period of martial law in Ukraine. Objectives of the proposed amendments:
- creating conditions for the proper functioning of the economy,
- filling the revenue side of the budget;
- ensuring national security and defense.
The government proposes to increase the military tax rate to 5% (currently it is 1.5%) and to establish an obligation to pay the military tax:
- legal entities - 1% of income from any activity for corporate income tax payers and single tax payers of groups III and IV;
- 5% at the rate of two minimum wages per month by individual entrepreneurs who are single tax payers of groups I, II and IV;
- for individual entrepreneurs of group III - 1%;
- to legal entities and individuals that purchase precious metals from banks - 5% of the value of these metals;
- for those who sell jewelry made of gold, platinum and precious stones - 30% of the value of the products sold;
- people who acquire ownership of passenger cars - 15% of the cost of cars (except for persons with disabilities in accordance with the law);
- from the sale of real estate - 5% of income;
- mobile communication providers - 5%.
