The Government has registered a draft law on tax increases

MP Yaroslav Zheleznyak published on his Telegram channel an explanatory table to the government's draft law expanding the tax base for military duty and the rate of this duty.

The draft law on the UAH 140 billion tax increase is to be considered by the government (the Government, not the Rada).

Main innovations:

► Increase of the military tax rate to the income defined in Article 163 of the Tax Code to 5%.

Establishment of the obligation for legal entities to pay the military fee in the amount of 1% of income from any activity for corporate income tax payers and single tax payers of groups 3 and 4;

► establishing the obligation to pay a military fee in the amount of 5% based on two minimum wages per month by individual entrepreneurs and single tax payers of the first, second and fourth groups;

► establishing the obligation to pay the military fee in the amount of 1% of the income of individual entrepreneurs by single tax payers of the third group;

► establishing the obligation to pay a military tax of 5% of the value of precious metals by legal entities and individuals that purchase precious metals from banks;

► establishing the obligation to pay a military duty in the amount of 30% of the value of jewelry sold by enterprises, institutions and organizations and individual entrepreneurs engaged in retail trade in gold, platinum and precious stones (including those made from tolling);

► establishing the obligation to pay a military fee of 15% of the value of acquired movable property by enterprises, institutions and organizations, as well as individuals who acquire ownership of passenger cars subject to the first state registration in Ukraine by the territorial bodies of the Ministry of Internal Affairs, except in cases of providing passenger cars to persons with disabilities in accordance with the law;

► establishing the obligation to pay a military tax in the amount of 5% of the income from the sale of real estate by individuals who sold one real estate object during the reporting tax year;

► establishing the obligation to pay a military duty of 5% by electronic communication service providers that provide mobile communication services, paid by end users of such services;

► establishing the obligation to make monthly advance payments of corporate income tax by taxpayers engaged in retail fuel trade in the amount of 0.5 of the minimum wage established by law as of January 1 of the reporting (tax) year, per 1 cubic meter of gasoline, diesel fuel and liquefied gas storage tanks located at the place of retail fuel trade, included in the Unified Register of Licensees and Places of Fuel Circulation

► Establishment of a specific excise tax rate of EUR 0.1 per 1 liter of carbonated sweet beverages