President Volodymyr Zelenskyy has signed the Law “On Amendments to the Tax Code of Ukraine on Peculiarities of Taxation during the Period of Martial Law,” according to the bill card on the Parliament’s website.
The document introduces significant tax increases, including raising the military tax from 1.5% to 5% for citizens and individual entrepreneurs across various groups. Additionally, banks will face a higher income tax rate of 50%. Other changes include increased minimum land taxes, advance payments for petrol stations, and royalties on mining resources such as crushed stone, granite, and sand.