In 2025, a significant difference between exports and imports is expected, which will amount to several tens of billions of dollars.
Increase in taxesin Ukraine from December 1, 2024 will lead to an increase in prices for Ukrainian products.
Yuriy Gavrilenko, an economic expert and candidate of sciences in public administration, said this on air at KIEV24.
“We can expect a rather unexpected situation, especially considering the increase in taxes within the country, when imported food products will cost us less than domestic ones,” he said.
The expert also added that the state budget for next year assumes a significant imbalance between the volumes of exports and imports. We are talking about a “fantastic difference” of several tens of billions of dollars.
Recall that on November 28, Zelensky signed the law adopted by the Verkhovna Rada on increasing taxes and military tax. The main thing in the law is to increase the military tax on all incomes of Ukrainians from 1.5% to 5% of this and in 2025.
It is expected that in 2025, thanks to the increase in taxes, state budget revenues will increase by 141 billion hryvnia. Increasing the military tax rate from 1.5 to 5% will generate UAH 107.7 billion.
The establishment of a military tax for taxpayers on the simplified tax system, namely, for individual entrepreneurs of groups I, II, III and IV — UAH 13.7 billion, and UAH 929 million will be received from the income of individual entrepreneurs of group III.
Thus, if now the taxation of citizens' income is 19.5% (18% personal income tax plus 1.5% military tax), then from December 1 it will increase to 23%. Banks will also deduct this amount from the income received from the placement of deposit accounts.
