• 04/05/2025 15:00

Verkhovna Rada Committee Approves Bill on Tax Increase: What Business Should Expect

ByNazar Bogudan

Sep 16, 2024

 Rada Committee Agrees on Tax Increase Bill: What Business Should Expect

If adopted positively, these changes will be implemented retroactively from October 1.

On Monday, September 16, the Tax Committee of the Verkhovna Rada adopted a repeat of the first version of the tax increase bill No. 11416-d.

This was reported by People's Deputy from the Voice party Yaroslav Zheleznyak.

According to him, 19 votes were “for”, 3 abstained, and 1 voted “against”.

The text suggests:

  • increase in military tax from 1.5% to 5%
  • increase in taxes for groups 1-2 sole proprietors
  • advance payments at gas stations
  • 1% for all forms of private entrepreneurs of the 3rd group
  • 25% of profits for financial institutions
  • monthly personal income tax reporting (for economic reservation)
  • 50% tax on bank profits in 2024

Zheleznyak noted that if adopted positively, these changes will be implemented retroactively from October 1.

“Thus, this year such tax changes will bring 58 billion UAH in 2024 and 137 billion UAH — in the next one. The first reading vote will be held in the coming days,” the MP added.

Recall that on September 13, the government approved the draft state budget for 2025.

Taxes will be raised! The economy is in the shadows, there are problems at customs, so the country needs money! – expert economist

 Rada Committee approved the bill on increasing taxes: what should businesses expect


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