Stefanchuk: No tax increases are anticipated for 2025, but novel regulations for internet vendors are in development.
Tax matters are a point of focus for Ukrainian society. The Head of the Verkhovna Rada shared information about whether any proposals to raise taxes have been put forward for the coming year.
Are there intentions to elevate taxation levels in Ukraine?
At present, there are no intentions to raise current taxes, Channel 24 indicates, referencing a discussion with Verkhovna Rada Head, Ruslan Stefanchuk.
To this day, there have been no tax proposals. The legislature has only approved a measure once to increase the military levy, since this is the instrument that enables the upkeep of the Armed Forces.
– Stefanchuk states.
Typically, three key deductions are taken from official wages in Ukraine:
- Personal income tax (PIT) – 18%;
- Military levy – 5%;
- Unified social contribution (USC) – 22% (paid as calculated salary);
What potential new taxes could emerge?
To diminish the budget gap, the Ukrainian Government intends to enact new taxes and improve revenue oversight, especially via digital platforms.
Tax agencies will possess greater reasons for out-of-court access to details regarding monetary funds that taxpayers acquire in their banking accounts.
- The government's design is for digital platform administrators and global exchanges to furnish reports to the State Tax Service.
- In this manner, tax organizations will be able to view the earnings Ukrainians obtain without formalizing their business operations.
They also aspire to implement a distinct taxation framework for traders who engage in sales on digital platforms (such as OLX and others).
