Parliament has adopted in the second reading the draft law on taxation
247 members of parliament voted in favor of the document. It anticipates a significant increase in tax revenues: by 58 billion hryvnias in 2024 and 137 billion in 2025.
This was reported by Ukrinform.
Among the main provisions are the retention of the military tax at a rate of 1.5% for military personnel, changes regarding the taxation of notaries, increased taxes for individual entrepreneurs of groups 1-2, the introduction of a 1% tax for all forms of individual entrepreneurs in group 3, the establishment of a 50% profit tax for banks in 2024, and the implementation of advance payments at gas stations along with monthly reporting for personal income tax.
The law takes effect on October 1, 2024.