• 23/04/2024 19:27

How will the amount of taxes change after the minimum wage increases?

From April 1, with the increase in the “minimum wage” to 8 thousand hryvnia, taxes also increase.

How the amount of taxes will change after the minimum wage increases

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How the amount of taxes will change

    Personal income tax (personal income tax) – 18% of the minimum wage, which will be 1440 UAH;

    Military tax – 1.5% of the minimum wage, equal to 120 UAH;

    UST (single contribution for compulsory state insurance) – 22%, that is, 1760 UAH.

Read: Since April 1, the minimum wage and a number of other payments have increased. How the amount of payments has changed

Remember

From April 1, the minimum wage will be 8 thousand hryvnia – this is the second stage of the increase provided for by the law “On the State Budget of Ukraine for 2024”. However, not only an increase in minimum wage will occur.

minfin.com.ua

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