The law on raising taxes published online: what will happen to the military levy?
Kyiv • UNN
The law on raising taxes appeared on the Golos Ukrainy website, but has not yet been published in the newspaper. The document provides for an increase in the military fee to 5% and new tax rates for businesses.
The law on raising taxes was published on the website of the official publication of the Verkhovna Rada "Voice of Ukraine". According to the transitional provisions, the document must enter into force on the day following publication, but in print. If the law is published tomorrow, it will have serious consequences for Business, MP Yaroslav Zheleznyak notes UNN.
Details
It was Zheleznyak who noted that the law was published on the Golos Ukrainy website.
He noted that it was planned that the law would be published on November 30, so that it would come into force in December.
According to the MP, if the law comes into force on November 29, this will mean that one military levy rate of 1.5% was in effect for 28 days of the month, and the next two days the military levy rate of 5% will be in effect.
"... how do I calculate this????!!! How do I pay extra for those who have already been paid their salaries????"- the MP wrote.
Subsequently, Zheleznyak clarified that there is a possibility that the law will not be published after all.
"The law was only posted on the website. Not in the newspaper (yet). At least in the version that is currently available. The Rubricator of the law on the Rada's website has also not yet been launched. Perhaps there is a possibility that ... still, they will not print it tomorrow, " he concluded.
Addition
Today, President Volodymyr Zelensky signed Law No. 11416-D on the "historic" tax increase. The document provides, in particular:
increase in the military levy on personal income (wages, dividends, additional benefits, etc.) from 1.5% to 5%;
Sole proprietors on a single tax of Groups 1, 2 and 4 are required to pay a monthly military fee of 10% of the minimum wage;
for single tax payers of the third group, the military levy rate of 1% of income is set;
introduction of income taxes for the financial sector. The income tax rate for banks in 2024 is 50%. For non-bank financial institutions (except insurers), the profit rate will be 25%.
On October 10, the Verkhovna Rada of Ukraine adopted draft law No. 11416-D on a significant tax increase.
