The Ministry of Finance has significantly lowered its revenue expectations from the government's tax increase package
The Ministry of Finance has lowered its expectations of revenues from the draft law No. 11416-d on tax increases from UAH 125 billion to UAH 57.5 billion, Ekonomichna Pravda reports.
This was announced by the head of the Parliamentary Committee on Finance, Taxation and Customs Danylo Hetmantsev.
According to the document he published, the revenue expectations for 2025 as a result of the adoption of the bill have also decreased: from UAH 350 billion to UAH 136.2 billion.
According to the document
UAH 27.3 billion is expected to be raised from the increase in the military tax in 2024 (UAH 107.7 billion in 2025),
from the 50% tax on banks - UAH 27.3 billion (UAH 9.3 billion in 2025),
UAH 1.7 billion (UAH 7.8 billion next year) from an increase in taxes on I-II groups of individual entrepreneurs,
UAH 1 billion from advance payments to gas stations (UAH 4.3 billion in 2025).
According to Yaroslav Zheleznyak, First Deputy Chairman of the Committee, two provisions will not have time to take effect this year: the introduction of 1% for Group III sole proprietors and 25% of profits for financial institutions.
Viktor Volokita
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