- IMF proposes to increase value-added tax (VAT) in Ukraine by 2 percentage points
- Currently, the general VAT rate in Ukraine is 20%, with rates of 7% for medicines and 14% for certain agricultural products
- The proposal is to increase VAT to 22%, 9%, and 16% respectively
- The issue of tax changes, including VAT, is not yet finalized
- The Ministry of Finance previously opposed the idea of increasing VAT due to concerns about price increases for essential goods
- The Ministry of Finance suggests increasing military tax from 1.5% to 5% to generate over 100 billion hryvnias for the budget next year.
Source: news.dtkt.ua
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
