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Ukraine plans to return pre-war taxes from July

29 Mar, 2023
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Ukraine plans to return pre-war taxes from July

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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

The Odessa Journal

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