"Unpopular Decision": Prime Minister Koretsky Confirms Plans to Raise VAT by 1%
6 Articles
6 Articles
The planned increase in VAT, provided for by the draft state budget of Ukraine for 2027, is due to the need to ensure financing of the program of insurance of business against war risks.
"Unpopular decision": Prime Minister Koretsky confirms plans to raise VAT by 1%
"Unpopular decision": Prime Minister Koretsky confirms plans to raise VAT by 1%"An unpopular decision has been included in the state budget, including a small tax increase. VAT. Unfortunately, there are no other sources,"...
The Ukrainian government would raise the general VAT rate from the current 20 percent to 21 percent, and use the additional revenue primarily to support businesses that have suffered losses due to the war. Prime Minister Serhiy Koretsky said the measure was unpopular but necessary so that the state could partially compensate companies for their losses.
The Government of Ukraine plans to raise the basic VAT rate from 20 per cent to 21 per cent in 2027, as announced by the country ' s Prime Minister, Sergei Korecki, in an interview with TSN.
The planned increase in the VAT in Ukraine ' s draft State budget for 2027 is related to the need to finance the insurance programme B
A 1% increase in VAT is considered by the government as one of the sources of financing a special fund to insure businesses against war risks.
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