- Ministry of Finance does not want to increase VAT instead of military tax
- Ministry of Finance believes that increasing VAT will have negative consequences for all citizens, especially vulnerable groups such as the elderly
- Measures have been taken to support citizens and businesses during the war with Russia, including canceling fuel excise taxes and reducing some tax rates
- Due to delays in weapon supplies, additional funding of almost 6 billion USD is needed for security and defense sectors
- A softer funding option for military needs is proposed, with most of the funding coming from sources other than tax revisions
- VAT increase is not proposed as it would lead to price hikes on essential goods, affecting vulnerable groups significantly
- Instead, a more socially just model is suggested, including a military tax on non-essential goods like cars, real estate, and jewelry
- Imported cars donated to the Armed Forces of Ukraine will not be subject to the military tax
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.
