Copyright © 2024 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Ministry of Finance proposes to introduce a military tax on the income of individuals

Ministry of Finance proposes to introduce a military tax on the income of individuals

The Ministry of Finance considers introducing  a military tax of 1,5% on the incomes earned by individual taxpayers.

This was stated at a briefing on Friday by the deputy Minister of Finance Volodymyr Matviychuk, reports “Ukrayinski Novyny.”

“We agreed with the Parliament members’ proposals regarding the possibility of introducing a special military salary tax of 1,5%,” he said.

According to the deputy Minister of Finance, the introduction of this tax will result in 2,9 billion UAH in revenue by the end of 2014, which will be spent on military and defence.

“We have got to direct these funds to the state budget fund at this difficult moment,” – Matviychuk said.

Among other plans to increase the army’s budget, he named the decrease of state officials’ salaries.

 

(Translated by Mariya Shcherbinina, edited by Anna Palagina)

Source

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here


    Will the West continue to support Ukraine?
    • Know what moves the world.
    • Premium journalism from across Europe.
    • Tailored to your needs, translated into English.
    Special discount
    for Euromaidan Press readers
    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts