Starting from December 1, a new taxation procedure has been implemented in Ukraine, as stipulated by the Law "On Amendments to the Tax Code of Ukraine Regarding the Peculiarities of Taxation During Martial Law." One of the key changes is the increase in the military tax rate from 1.5% to 5% for individuals on various types of income, including salaries, rental income from real estate, winnings, bank deposits, and other earnings. Reports TSN. This has been communicated by Kontrakty.UA.
As noted by the main service center of the Ministry of Internal Affairs, the law also introduces changes in the taxation of income from the sale of vehicles:
• Sale of the first passenger car within a year: 0% tax.
• Sale of the second car within a year: 5% of the value + 5% military tax.
• Sale of the third car and beyond within a year: 18% tax + 5% military tax.
For other types of movable property (trucks, special equipment, trailers):
• First and second transactions within a year: 5% tax + 5% military tax.
• Third and subsequent transactions: 18% tax + 5% military tax.
For military personnel, the military tax rate remains at 1.5% regardless of the type of income. These changes aim to increase budget revenues during the period of martial law.
It is worth noting that the tax increase in Ukraine from December 1, 2024, will lead to a rise in prices for Ukrainian products. Starting from 2025, a significant gap between exports and imports is expected, reaching several tens of billions of dollars.