Military tax will be sharply increased: The Cabinet of Ministers of Ukraine wants to raise taxes for Ukrainians

The Cabinet of Ministers of Ukraine has introduced a bill to increase taxes, which is expected to bring an additional 140 billion hryvnias (approximately 3,087,393,071 euros) to the state budget.

Yaroslav Zheleznyak published the provisions of the bill on his Telegram channel.

Among other things, the bill proposes to:

• Increase the military levy rate from 1.5% to 5%;
• Introduce a military levy for legal entities at 1% of income from any activity;
• Impose a 15% military levy on the value of car purchases abroad;
• Apply a 5% levy on the sale of real estate by individuals who have sold one property within the reporting tax year.

Recently, Zheleznyak reported on the first reading approval of a bill allowing corrupt officials to buy their way out of punishment. 

The bill proposes “alternative” financial solutions to criminal conflicts, with fees ranging from 2.04 million to 204 million hryvnias, depending on the severity of the crime.

It was also reported that the Verkhovna Rada supported a new tax on sugary drinks. According to the head of the tax committee, Danylo Hetmantsev, this measure is intended to “protect people’s health” by “reducing the population’s consumption of sugar and sweetening substances.” If passed, the cost of drinks like Coca-Cola and Zhivchyk is expected to increase by one and a half to two times.