- VAT rates in Ukraine may increase in 2025 if expenditures in the state budget project for that year increase
- The head of the Budget Committee, Roksolana Pidlasa, mentioned that the government is limited by conditions set during the fifth review of the IMF program
- The IMF proposed a 2% increase in VAT in Ukraine during their mission in Kyiv in September
- Currently, the general VAT rate in Ukraine is 20%, with reduced rates for certain products
- The Ministry of Finance previously opposed the idea of increasing VAT, citing concerns about price increases for essential goods
- The Ministry of Finance’s key proposal is to increase the military fee from 1.5% to 5% for all citizens, which would generate over 100 billion hryvnias for the budget next year
Source: news.dtkt.ua
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
