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The President of Ukraine, Volodymyr Zelenskyi, signed the law No. 11416-d on the historic tax increase.
This is stated on the website of the Council.
According to the Deputy Chairman of the Tax Committee Yaroslav Zhelezniak, the law will enter into force on November 30.
As reported earlier, pThe tax increase includes the following changes:
- The increase of the military levy on the salaries of individuals (including participants of the “Diya.City” regime) from 1.5% to 5% – from the date of entry into force of the 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 FOPs of the third group 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 being imposed retrospectively (“retroactively”).
- 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 advance income tax 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 income tax advance payment 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. persons, 200 euros for other settlements.
- Introduction of a minimum land tax 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 compliance reserved by the new requirements.
- Release “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: Big procrastinator. Why Zelensky is postponing tax increases
We will remind:
Tax Committee supported cancellation of “retroactive” tax increases for FOP in 2024.
The Verkhovna Rada adopted draft law No. 11416-d on tax increases on October 10, 2024.
”, — write: epravda.com.ua
The President of Ukraine, Volodymyr Zelenskyi, signed the law No. 11416-d on the historic tax increase.
This is stated on the website of the Council.
According to the Deputy Chairman of the Tax Committee Yaroslav Zhelezniak, the law will enter into force on November 30.
As reported earlier, MrThe tax increase includes the following changes:
- The increase of the military levy on the salaries of individuals (including participants of the “Diya.City” regime) from 1.5% to 5% – from the date of entry into force of the 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 FOPs of the third group 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 being imposed retrospectively (“retroactively”).
- 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 advance income tax 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 income tax advance payment 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. persons, 200 euros for other settlements.
- Introduction of a minimum land tax 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 compliance reserved by the new requirements.
- Release “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: Big procrastinator. Why Zelensky is postponing tax increases
We will remind:
Tax Committee supported cancellation of “retroactive” tax increases for FOP in 2024.
The Verkhovna Rada adopted draft law No. 11416-d on tax increases on October 10, 2024.
