Military levy and VAT: MP Hetmantsev named the only ways to cover the budget deficit

In Ukraine, once again, the decision has been made to address budget deficit issues at the expense of ordinary citizens. To solve the problem of Ukraine’s budget deficit, it appears the only options are increasing the military tax and VAT (value-added tax).

This was stated by Danylo Hetmantsev, the head of the Parliamentary Committee on Finance, Tax, and Customs Policy, at the “Business and War” forum.

“When the state comes to its people and says, ‘I don’t have enough money for the army, please, let’s all contribute to this holy cause, and we need to act quickly,’ there are only two solutions today: the military tax and VAT,” Hetmantsev said.

“These are the only two powerful taxes capable of quickly collecting money for the budget from all taxpayers evenly,” the official added.

Hetmantsev had previously announced that the parliament was preparing to introduce taxes on all parcels from abroad, including those valued at less than 150 euros.

According to him, both retail networks and domestic producers are calling for the taxation of parcels.

“There cannot be imbalances in taxation because this has a destructive effect on the markets. In this case, we are somehow supporting foreign producers. Our domestic producers, from the light industry to food products, pay VAT, but those producing in China, for example, do not. From the perspective of state tax policy, this is absolute nonsense and absurdity, as we are penalizing those creating jobs, paying taxes, and generating added value in favor of people we don’t even know,” the deputy explained, saying he would personally ask for support for the relevant bill.

Earlier, “Forbes” magazine reported that the Ministry of Finance wants to raise VAT and the military tax in Ukraine.