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Potential Return to VAT Rate Review After Increase in Military Fee, According to Yuzhanina

  • After raising the military fee, the government may reconsider raising the VAT rate
  • If there is not enough funds in the budget after the first wave of tax increases, they promise to return to raising the VAT rate
  • The Ministry of Finance is waiting for the adoption of the law to have resources to finance the Armed Forces until the end of 2024 and in 2025
  • Additional revenue from taxing casinos, tobacco products, and rent does not interest the government
  • The opinion of businesses is not being heard or taken into account
  • Simultaneously increasing the military fee and VAT would not be sustainable for businesses or citizens.

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.

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