When calculating salaries for October, vacation pay and sick leave, the current rate of military tax – 1.5% will be applied.
Even if the law on increasing taxes is signed by the president on October 31, the salaries of hired workers for October will not decrease.
This was stated by MP, member of the Verkhovna Rada Finance Committee Nina Yuzhanina.
She also explained that the current military tax rate of 1.5% (not 5%) will be applied when calculating salaries, vacation pay, and sick leave.
“Those who have already received their salaries have seen this for themselves,” she added.
Business Statement
Meanwhile, Yuzhanina noted, businesses are calling on the president to veto bill 11416-d on the historic tax increase and are proposing other changes, including:
- leave the military tax rate at 1.5% for salaries and other income of individuals;
- temporarily (for a period of two years or until the end of martial law) increase VAT by 2%;
- differentiate the military tax for individual entrepreneurs in accordance with the group in which the payer is located;
- ensure guarantees of compliance with the taxation conditions in the “Diya” legal regime.
“In this regard, I would like to emphasize once again: the resources for attracting additional funds to the budget to finance our army are in the required amount, and I have proposed them (the gaming business, the tobacco industry, rent for gas production). And then it will be possible to do without raising the VAT rate,” Yuzhanina explained.
In her opinion, in its current form, the law is “too retrospective” in relation to individual entrepreneurs.
Recall that the head of the Verkhovna Rada has already signed the bill on a record tax increase, so parliamentarians expect that Ukrainian President Volodymyr Zelensky will sign it.