09
Aug
Ukrainian Tax Administration proposed new changes to the Tax Code
VAT rate to be decreased from 20% to 7-12%
State Tax Administration of Ukraine announced new proposals to Tax Code.
Among the initiated changes are:
– decrease of VAT rate from 20% to 7-12%,
– introduction of 3% duty to Pension Fund for buying the foreign currency,
– introduction of 2.5% turnover tax,
– decrease of Social Security Tax from 32,6-49,7% to 15%,
– introduction of new rates for income tax: 10-15-20%, instead of 15-17%.
sts.gov.ua