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Military tax in Ukraine may be prolonged till 2016

  • 23.09.2014, 11:29,
  • 0

The Cabinet of Ministers of Ukraine filed a proposal to the Verkhovna Rada of Ukraine to maintain the military tax in the framework of the new tax reform until 2016, increase the pension tax on foreign exchanges up to 2%, and lift the reduction of real estate tax payment, fixing the tax rate at 2% of the minimum price for 1 square meter. The official web-page of the parliament posted the law draft No.5079 On the amendments to the Tax Code of Ukraine.

In particular, the draft introduces:

-          The lift of the tax-exempt minimum for homes common floor space;

-          The tax on commercial real estate;

-          Providing the territorial community with the right to establish the tax rate at 2% of the minimum price for 1 square meter; 

-          Prolonging the military tax until 1 January 2016;

-          Increasing the pension tax on foreign exchanges up to 2%;

-          Reducing the number of tax payments from 22 to 9;

-          the accounting-based calculation of the income tax;

-          the new taxation rules for private persons, lifting of tax allowances and preserving the social subsidy in the amount of 50% living wage;

-          the one time declaration of incomes, property, financial assets of private persons, including the assets obtained in violation of taxation and forex currency regulations;

-          5% tax on retail of excise goods and merging all sale taxes in one excise duty.

 

Military tax in Ukraine may be prolonged till 2016
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