Such a decision will encourage international partners to continue to support Ukraine.
The International Monetary Fund supports raising taxes in Ukraine, because in the future this can only have a positive impact on some things.
This was stated by the head of the mission in Ukraine Gavin Gray during a discussion of the Center for Economic Strategy, writes “Interfax-Ukraine”.
According to him, the Cabinet of Ministers' plan that taxes in Ukraine may increase significantly in the near future may primarily affect the West. After this, some states may be ready to provide assistance to Kyiv more actively.
“The need for public spending will remain significant in the medium term, and therefore progress in adopting the tax package will impact donors' willingness to continue supporting Ukraine,” he said.
What is known about tax increases in Ukraine
The Verkhovna Rada will not vote on the bill to increase a number of taxes until September, and the concept of the document itself has changed.
The main change that was agreed upon is that instead of a 1 percent turnover tax for legal entities, the bill will include an increase in VAT by 3-4 percentage points to 23-24%,said interlocutors in the Cabinet of Ministers and Parliament.
Another change in preparation is an advance tax for gas stations.
The government version proposed introducing an advance tax in the amount of 4,000 UAH per cubic meter of fuel storage capacity.
The new concept is that gas stations will pay a fixed payment for each facility. The working version is a minimum payment of 60 thousand UAH per gas station per month.
The Cabinet of Ministers proposes to introduce a new rate of military tax and other payments aimed at providing the state budget with UAH 140 billion. The government aims to raise the military tax to 5%, as well as introduce a 1% income tax for all enterprises in the country. In addition, it is planned to charge a military tax on the sale of real estate (5%), on the purchase of new cars (15%), on the sale of jewelry (30%), etc.
The fact that Ukraine has other sources of income was reported by the US Special Representative for Economic Recovery of Ukraine Penny Pritzker. She noted that together with Ambassador Bridget Brink, she proposed to the Ukrainian Cabinet of Ministers to reform customs through digitalization, which, in her opinion, will help prevent corruption.
The US Special Representative believes that such steps will be able to attract funds from tax evaders to the budget.
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