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Verkhovna Rada Considers VAT Increase to Address Budget Shortfall: Political Motivations at Play

  • Verkhovna Rada considering increasing VAT rate to address budget shortfall
  • Budget shortfall projected to reach half a trillion hryvnias by end of year
  • Ministry of Finance initially proposed VAT increase but decided against it
  • Military tax rates raised instead of VAT
  • Decision to forgo VAT hike seen as politically motivated
  • Government struggling to find effective solutions for budget challenges while considering political factors

Source: buhgalter911.com

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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