The Government of Ukraine plans to introduce new taxes and strengthen control over citizens’ incomes, in particular through digital platforms, to reduce the state budget deficit. The relevant information is specified in the Cabinet of Ministers Resolution.<\/p>\n\n\n\n
The new plan will expand the powers of the tax authorities, enabling them to access information on financial receipts in the bank accounts of taxpayers without a court decision. This will also apply to digital platform operators and international data exchange participants, who are required to provide the tax service with their users’ income reports. Thus, taxpayers will be able to monitor the cash receipts of citizens who do not have official registration of business activities.<\/p>\n\n\n\n
Particular attention will be paid to the taxation of private sellers who trade through online sites such as OLX.<\/p>\n\n\n\n
The document states: “This will become an effective mechanism for controlling the timeliness and accuracy of income declaration, and will allow for expanding the tax base by attracting individuals whose income is not taxed.”<\/p>\n\n\n\n
At the same time, the Chairman of the Verkhovna Rada, Ruslan Stefanchuk, reported that taxes are not planned to be implemented shortly. According to him, the parliament did not receive initiatives to change tax rates, except for the support of an increase in military levy, whose purpose is to finance the Armed Forces.<\/p>\n\n\n\n
There are now three principal obligatory payments in Ukraine: 18%, military levy – 5%, as well as a single social contribution (ESV) – 22%, accrued for a salary and paid by the employer.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Government of Ukraine plans to introduce new taxes and strengthen control over citizens’ incomes, in particular through digital platforms, to reduce the state budget deficit. The relevant information is specified in the Cabinet of Ministers Resolution. The new plan will expand the powers of the tax authorities, enabling them to access information on financial […]<\/p>\n","protected":false},"author":13,"featured_media":16028,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n