Detectives from the Specialized Anti-Corruption Prosecutor’s Office and police conducted searches at the National Anti-Corruption Bureau of Ukraine following a leak of information related to the ‘Big Construction’ case
22.05.2024 - 22:26
Ukrainian MPs are ‘under the close supervision’ of the President’s Office: Ruslan Stefanchuk is effectively not leading the Ukrainian parliament
23.05.2024 - 09:18
The Ministry of Finance of Ukraine plans to increase VAT and the military tax.
The draft law is currently under development and may be submitted to the Verkhovna Rada in late June or early July.
Members of Parliament have stated that the military tax is planned to be raised from 1.5% to 5%. A similar 5% tax rate may be introduced for sole proprietors (ФЛП). Additionally, there are “ongoing discussions” about raising VAT by 2-3%.
The key reason for these proposed increases is to meet growing military needs. One member of the Verkhovna Rada’s finance committee estimates the additional budgetary requirements at 400-500 billion hryvnias (9.28 billion euros – 11.6 billion euros). Of this amount, 400 billion hryvnias are needed solely for the procurement and repair of military equipment.
It is worth noting that the Speaker of the Verkhovna Rada, Ruslan Stefanchuk, previously stated that each Ukrainian serviceman should be supported by eight taxpayers on the home front.
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