Government ready to discuss tax hikes with petrol station owners
7 August 2024 14:46
The Ministry of Finance of Ukraine has started a dialogue with representatives of the oil and gas sector on possible changes in taxation. In particular, Deputy Minister of Finance Svitlana Vorobey met with representatives of the Ukrainian Oil and Gas Association and PJSC Ukrnafta to discuss proposals for filling the state budget with taxes. This was reported by "Komersant Ukrainian" with reference to the press service of the Ministry of Finance.
Particular attention was paid to the issue of a possible increase in the advance payment of income tax for fuel retailers.
“We agreed that additional calculations are needed to determine the optimal amount of the advance payment,”
– vorobey said.
The Ministry of Finance believes that this demonstrates the government’s readiness to engage in a constructive dialogue and take into account the position of business when developing new tax initiatives.
The Ministry emphasises that all the proposed changes will be temporary and will be valid only for the period of martial law. The purpose of these measures is to provide an additional UAH 500 billion for the needs of the Defence Forces, of which about a quarter is planned to be raised through tax changes.
As a reminder, the government has prepared a draft law that dramatically increases taxes for citizens. This includes an increase in the military fee for different categories of taxpayers, taxes on transactions with real estate, vehicles, jewellery, etc. The Cabinet of Ministers is also demonstrating activity and determination to once again “optimise” business with initiatives such as a “white business club” or a feedback platform.
