The Verkhovna Rada committee returned 50% of the bank profit tax to the tax bill
The Tax Committee of the Verkhovna Rada recommended a new version of the government draft law on tax increases No. 11416-d for the repeated first reading.
People’s deputy Yaroslav Zheleznyak reports this.
So, the updated version of the tax package provides for the following norms:
- increase in military levy from 1.5% to 5%;
- tax increase for the 1st-2nd group of FOP;
- advance payments at gas stations;
- 1% on all forms of FOP of the 3rd group;
- 25% of profit to financial institutions;
- monthly reporting of personal income tax (for economy booking);
- 50% tax on bank profits in 2024.
For this year, such tax changes will bring 58 billion UAH to the state budget in 2024, and 137 billion UAH in the next year 2025.
In addition, according to him, the Ministry of Finance still agreed to a tax for banks.
We will remind:
They want to add a clause on taxation of banks’ profits to the draft law on raising taxes No. 11416-d, but the NBU and the Ministry of Finance are categorically against it.
The Verkhovna Rada failed to vote in the first reading on the draft law on increasing taxes, which was supposed to attract 30 billion hryvnias to the budget.
The Finance Committee has recommended a shortened government bill on tax increases for the first reading in the Verkhovna Rada.
In the new version of the draft tax law, some tax items were removed and new ones were added – 50% income tax for banks in 2024 and its increase to 25% for non-bank financial companies.
Economic truth.
