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 Ukraine May Introduce War Tax of 1.5% of the Salary to Fund the ATO - Ministry of Finance

Ukraine may introduce the war tax on personal income in the amount of 1.5% of the salary.

This was announced at a press briefing by Deputy Finance Minister Volodymyr Matviichuk, Censor.NET reports with reference to Ukrainian News.

"We agreed with the suggestions of the MPs regarding the possibility of introducing a special war tax of 1.5% of the salary," he said. The introduction of such a tax will allow us to accumulate to 2.9 billion hryvnias on defense until the end of 2014. The proceeds from the tax will go into the general fund of the state budget.

He also did not rule out the possibility of reducing the salaries of civil servants.

Earlier Finance Minister Oleksandr Shlapak said that the budget will have no funds to pay the ATO participants starting August 1.

In this regard, the government has submitted to the Verkhovna Rada a bill that provides for the allocation of UAH 16.9 billion for the anti-terrorist operation and restoration of the Donbas.


 
 
 
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