“The law on the historic tax increase was published in the newspaper “Voice of Ukraine”. Therefore, it will enter into force on November 29.”, — write: epravda.com.ua
The law on the historic tax increase was published in the newspaper “Voice of Ukraine”. Therefore, it will enter into force on November 29. This was announced by the chairman of the tax committee of the Verkhovna Rada, Danylo Hetmantsev. “Many people are asking. Yes, the resource law was published today,” Hetmantsev said. Hetmantsev added that due to the date of publication of the law, it will enter into force on November 29. Advertisement: “Thus, the tax at the new rate must be withheld only for 2 days of November. Regarding the FOP, we have made a corresponding amendment, according to which the obligation to pay the tax the new rates will apply to them from January 1, 2025, if the amendment is supported by the Verkhovna Rada the amendment will be supported,” added the People’s Deputy. Advertising: As previously reported, the tax increase includes the following changes: Increase in the military levy on the salaries of individuals (including participants in the “Diya.City” regime) from 1.5% to 5% – from the date of recruitment valid by law. The exception is military personnel (1.5% will remain). From January 1, 2025, the military levy on other incomes of citizens (except salaries) will increase from 1.5 to 5%. Introduction of a military levy in the amount of 10% of the minimum salary (currently UAH 800) for individual entrepreneurs of the first, second and fourth groups. Introduction of a military levy for the third group of FOPs in the amount of 1% of income. Increase in the income tax rate for 2024 for banks from 25 to 50%. Since they have already paid taxes at the old rate for most of this year, the new tax is imposed retrospectively. An increase in the income tax rate for non-bank financial institutions (except insurance companies) from 18% to 25% from January 1, 2025. Introduction of monthly income tax advance payments for gas stations: 30, 45 or 60 thousand UAH for each station, depending on its type. The amount of overpayments will not be taken into account to reduce tax liabilities in the future. Introduction of an advance payment from income tax for currency exchange points in the amount of 700 euros for each exchange point in Kyiv, 600 euros in cities with a population of more than 50,000. euro. persons, 200 euros for other settlements. Introduction of the minimum land tax in the amount of UAH 700. and UAH 1,400. per hectare Introduction of monthly reporting on personal income tax, military duty and uniform social contribution from January 1, 2025. Previously, in the Verkhovna Rada, this was associated with the introduction of “economic reservation”, but now this norm is necessary to monitor the compliance of the reserved with new requirements. Exemption of “national cashback” from personal income tax and military levy in 2024-2025. An increase in the rent for the extraction of crushed stone, clay, granite and sand – not less than 5 dollars. per ton Read also: The great procrastinator. Why Zelensky is postponing the tax increase We will remind: on November 28, the President of Ukraine Volodymyr Zelensky signed the law No. 11416 on the historic tax increase. The law was expected to enter into force on December 1. In particular, this was reported by Prime Minister Denys Shmigal.
