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The government bill on tax increases will provide for a 50% bank profit tax in 2024

People’s deputy Yaroslav Zheleznyak (“Voice”) announced this in his Telegram channel, Ukrainian News Agency reports.

According to him, the text of the revised government bill, which they want to submit to the Committee soon and to the Council in the first weeks of September, provides:

  • increasing the military tax rate from 1.5% to 5%;
  • ⁠establishment of VZ for FOP of the first and second groups in the amount of 10% of the MZP;
  • establishment of a 1% tax for the III group of the single tax;
  • ⁠setting of monthly advance payments for gas stations (but the wording has been changed here);

Of the newly added:

  • setting the income tax rate for banks at 50% for 2024;
  • ⁠an increase in the income tax rate for financial companies to 25%;
  • ⁠monthly reporting on personal income tax.