About past, present and future of Ukraine

Search mobile

Main Business Ukraine plans to return pre-war taxes from July

Business

Ukraine plans to return pre-war taxes from July

350
Ukraine plans to return pre-war taxes from July

Share this article


In Ukraine, they plan to return taxes from July 2023, which was before the full-scale war.

Daniil Getmantsev, Chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, stated this on television, Ukrinform reports.

He explained that, on average, the state collects about UAH 80 billion per month, and about UAH 130 billion is spent on the war. That is, the rest of the funds come from borrowings, and bonds. Getmantsev stressed that international partners do not provide money for security and defense, so this money must be collected within the country.

As for specific decisions that will be implemented from July 2023, these are the abolition of the 2% preferential regime that was introduced last spring, the restoration of documentary checks, and the restoration of liability for non-fulfillment of tax obligations.

“We believe that it (2% turnover tax) has played its role and agree with the IMF that it should now be canceled from July 1. In addition, this is the restoration of documentary checks and the restoration of liability for non-fulfillment of tax obligations in territories with no military operations. This brings the tax system back to the rules that existed in peacetime, before the start of the active phase of the war,” Getmantsev noted.


The Odessa Journal
more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...