The Parliamentary Committee recommended historic tax increases for the second reading.

The Committee recommended increasing the tax burden

The Committee on Finance, Tax and Customs Policy recommended for the second reading in parliament draft law No. 11416-d, which envisages a significant increase in the tax burden. This was reported by Member of Parliament Yaroslav Zheleznyak.

According to the MP's information, the key changes in the draft law include:

• Increase in military levy from 1.5% to 5%
• Introduction of a 1% military levy for sole proprietors in the third group of single tax
• Increase in taxes for the first and second groups of sole proprietors
• Establishment of a 50% tax for banks
• Increase in the minimum tax obligation for land
• Increase in profit tax to 25% for financial companies
• Exemption from taxation of cashback
• Transition to monthly reporting for personal income tax
• Increase in rent for gravel extraction

At the same time, the government refused to raise VAT.

According to Zheleznyak, the draft law is expected to be considered in parliament next week. The signing of the document is planned for the second half of October, but some provisions may come into force retroactively from October 1.

It is worth noting that the Verkhovna Rada has already voted for this draft law in the first reading.