November 28, 2024
Minister of Finance: "there is no reason to increase gasoline prices" thumbnail
UKRAINIAN NEWS

Minister of Finance: “there is no reason to increase gasoline prices”

According to the amendments to the Tax Code, the so-called advance income tax is expected on the gas station network”, — write: www.radiosvoboda.org

The Minister of Finance of Ukraine, Serhiy Marchenko, claims that the value-added tax will not be increased until now. And the gas station tax changes will not affect gasoline prices for consumers. He stated this at a briefing on February 28.

The briefing was devoted to who will be affected by the increase in taxes and what will be the features of the 2025 budget, the law on which Volodymyr Zelenskyi signed today.

In particular, it was also about the prices of gasoline for consumers, because, according to the changes to the Tax Code, the so-called advance income tax is expected on the network of gas stations. Each gas station will have to pay up to 60,000 hryvnias per month. The Minister of Finance claims that nothing will change for consumers.

“This will not lead to an increase in the cost of gasoline prices. We are equalizing the taxation system. And this was the reaction of the market,” says the official.

He clarified that currently there are gas stations that pay income tax, and there are those that do.

In addition to the fuel issue, Serhiy Marchenko was asked to comment on rumors that the International Monetary Fund demanded an increase in value added tax from the Ukrainian side.

“Negotiations are always about trust. We are now approaching the sixth revision of the program with the IMF,” Marchenko said and added that it was difficult to call these negotiations simple.

He confirmed that the parties raised the issue of value added tax during these negotiations. According to the minister, so far an agreement has been reached on the conditions under which the question of raising VAT will be returned to:

“Yes, this question will constantly arise. Yes, depending on the extent to which we fulfill our other obligations, if the taxes we raised show their effect, if we do not have a sharp need to reduce expenses, then we will not raise the question of raising VAT.”

Read also: The President signed the law on the state budget for 2025 – Shmyhal

In addition, the Minister of Finance added: after the signature of the President, the law will be adjusted to avoid retroactivity. That is, all changes will take effect from December 1.

On November 28, President Zelenskyi signed the law on raising taxes, as well as on the state budget for 2025.

The Verkhovna Rada adopted the draft state budget for 2025 on November 19. In addition, it foresees record expenditures at the level of 3.94 trillion hryvnias, of which defense expenditures amount to 2.22 trillion hryvnias.

In October, the deputies voted for the draft law on increasing taxes. Subsequently, the parliament rejected all resolutions that blocked its signing.

Related posts

Axios: Biden pushes Netanyahu for another truce after Lebanon deal

pravda.com.ua

The occupiers made almost 370 strikes on the Zaporizhzhia region: which settlements were attacked

unn

From 60 to 55 years: the maximum age for military service is proposed to be reduced

unn

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More