The Cabinet of Ministers and representatives of the relevant committees of the Verkhovna Rada are discussing a plan to increase budget revenues by 0.5% of GDP, which Ukraine must present as part of a program with the International Monetary Fund. This plan involves the introduction of a number of new taxes. This is stated in the EP article.
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So, according to ED interlocutors, As part of the IMF program, the government plans to introduce additional taxation in the form of 0.1% military tax on the profits of enterprises and income of individual entrepreneurs, 1.5% on the cost of precious metals, 30% on the cost of jewelry, 10% on the cost of movable property . The possibilities of additional taxation of transactions with real estate and the introduction of an additional tax on some other transactions are also being calculated.
At the same time, even the introduction of these new taxes will not be able to cover all the additional needs of the budget, because the total fiscal effect from them will be only about 40 billion hryvnia. According to ED interlocutors in parliament, the needs of the defense sector amount to more than 400 billion hryvnia – and this is in the case that the authorities do not carry out additional mobilization, and the United States agrees on an assistance package for Ukraine, which will include direct budget support.
In order to collect more than 400 billion hryvnia, the authorities are considering increasing the rates of basic taxes, namely VAT and military duty (on personal income).