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The Kyiv Independent

The Kyiv Independent

Ukraine's parliament backs major tax hike in first reading

The Kyiv Independent
Summary
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80% Informative

Ukraine 's parliament approved a bill that proposes a tax increase of Hr 58 billion ( $1.4 billion ) in 2024 and $3.3 billion in 2025 .

The draft law was introduced to the parliament as the country struggles to shore up its budget deficit amid Russia 's ongoing full-scale war.

The bill would increase the military tax from 1.5% to 5% , set higher taxes for self-employed persons.