Military tax will remain after the war: Zelenskyy signs law

Military tax will remain after the war: Zelenskyy signs law

Photo: president.gov.ua

Volodymyr Zelenskyy has signed a law extending the military tax for three years after the end of the war.

The announcement was made on the website of the Verkhovna Rada (Ukraine’s parliament).

The law introduces amendments to the Tax Code of Ukraine, specifically to paragraph 16-1 of subsection 10 of section XX “Transitional Provisions,” which regulate the military levy.

According to the bill’s record, the document was returned to parliament on April 14 with the president’s signature.

Under the law, a separate special fund will be created in the Budget Code, where revenues from the military tax will be directed.

The bill is one of the key requirements of the International Monetary Fund (a so-called “structural benchmark”).

The military levy will remain in place for another three years so the state can fund not only the armed forces but also post-war reconstruction and infrastructure recovery.

Current tax rates:

  • 5% for individuals (1.5% for military personnel and security sector employees on certain income types)
  • 10% of the minimum wage for sole proprietors (FOPs) of groups 1, 2, and 4
  • 1% of income for group 3 simplified tax system taxpayers (FOPs and legal entities, except e-residents)

Why it matters

Adoption of bill No. 15110 was part of a package of ten key laws required for international financial assistance, previously emphasized by the president.

According to Prime Minister Yuliia Svyrydenko, the decision was necessary to meet conditions of the IMF program and the EU’s Ukraine Facility initiative.

On April 7, parliament supported the bill with 257 votes, confirming that the military levy will continue for three years after the end of the war.

The Ministry of Finance estimates that the measure will generate around 140 billion hryvnias annually for the state budget.

banner

SHARE NEWS

link

Complain

like0
dislike0

Comments

0

Similar news

Similar news

Photo: pixabay Ukraine’s Ministry of Finance has agreed with the Group of Official Creditors to postpone payments on state and state-guaranteed debt, signing a new Memorandum of Understanding. The

Photo:  depositphotos The closure of the Strait of Hormuz by Iran showed how quickly a strategic maritime corridor can turn into a weapon with global consequences. But there is a place where a crisi

Photo: president.gov.ua Volodymyr Zelenskyy has signed a law extending the military tax for three years after the end of the war. The announcement was made on the website of the Verkhovna Rada (Ukr

Photo: depositphotos Mobile operators in Ukraine offer several affordable tariffs for pensioners, although most of them have certain activation conditions, according to tehnofan.com. 📡 lif

Photo: Getty Images EU countries have increased imports of liquefied natural gas (LNG) from Russia’s Arctic “Yamal LNG” project, amid a global supply squeeze triggered by the energy crisis in the Mi

Photo: Boryspil International Airport / Facebook Disruptions in the aviation sector could begin within weeks. If the Strait of Hormuz is not reopened soon, European airports may face a systemic sho

Photo: Getty Images This was stated by Volodymyr Zelenskyy, according to his Telegram channel. According to Zelenskyy, Ukraine has already reached agreements with countries in the Middle East to se

Photo: Press Service of the Verkhovna Rada of Ukraine On April 8, the Verkhovna Rada of Ukraine adopted draft law No. 15111-d in its first reading, amending the Tax Code regarding the taxation of di