Ukraine to return to pre-war taxation and inspection rules, as under peacetime regulations – Hetmantsev

30 March, 12:27 PM
Danylo Hetmantsev (Photo:NV)

Danylo Hetmantsev (Photo:NV)

Ukraine plans to reinstate pre-war taxes, documentary tax audits, and fines from July 2023, the head of the parliamentary committee on finance, tax, and customs policy, Danylo Hetmantsev, said on Ukrainian national television on March 29, news agency Ukrinform reported.

Hetmantsev said that on average, the state collects about UAH 80 billion ($3 billion)in taxes and fees per month, while approximately UAH 130 billion ($5 billion) is spent on the war – meaning that the remaining funds are obtained through loans and bonds.

He said that Ukraine’s international partners do not provide funding for security and defense, hence the need to collect these funds domestically.

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As for the specific decisions to be implemented from July 2023, these include the cancellation of the 2% preferential regime, which was introduced in the spring of 2022, the restoration of documentary checks, and the restoration of responsibility for non-fulfillment of tax obligations, Hetmantsev said

He said that his committee agrees with the IMF’s recommendation to cancel the 2% turnover tax starting from July 1, as they believe it has served its purpose.

“This includes the restoration of documentary tax audits and the restoration of responsibility for non-compliance with tax obligations in areas where there is no military action,” he added.

“This is how the tax system is to be brought in line with the rules that existed in peacetime, before the active phase of the war.”

As reported, since March 15, Ukrainian President Volodymyr Zelenskyy announced the implementation of tax reform due to Russia’s war against Ukraine.

During the period of martial law, not only individual entrepreneurs, but also large enterprises were able to pay a unified tax, and business inspections were canceled.

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