Entrepreneurs were deprived of the opportunity to compensate for losses by announcing a retroactive tax increase.
The tax increase from October 1, which was recently adopted by the Verkhovna Rada, contradicts the current legislation. The Tax Code stipulates that such changes can only take effect six months after they come into force.
This was stated by the head of the analytical department of the ANTS network Ilya Neskhodovsky on the air of the Espresso TV channel.
“This is necessary so that businesses can adapt to the new conditions, and also so that they can calculate their financial plans, etc. This is exactly what the Tax Code of Ukraine is about. This condition has always been violated by everyone. That is, there were cases when tax increases were conditionally adopted on December 30 together with the state budget of Ukraine, and [the changes] came into effect on January 1. However, there has never been a case where taxes were increased retroactively,” the analyst noted.
Ilya Neskhodovsky noted that with such a tax increase, entrepreneurs were deprived of the opportunity to compensate for the loss of profitability of their business.
“If he [the entrepreneur] knew this, he would have raised prices in order to compensate for the losses due to the tax increase. In addition, each business is different. In particular, different margins, incomes,” he added.
Let us recall that on October 10, the Verkhovna Rada adopted the bill on increasing taxes in general. In particular, for some Ukrainians, the military tax will increase from 1.5 to 5%. What and how much each Ukrainian and business will now pay for – read on ТСН.ua.
Panic on the Internet! Everything you need to know about taxes: who will pay more now
