The Ukraine parliament is considering two draft laws that would reduce the standard value added tax rate. The first draft would reduce the rate from 20% to 17% with effect from 1 January 2021. The second draft would rate the rate to 15% in stages:
- 19% in 2021
- 18% in 2022
- 17% in 2023
- 16% in 2024
- 15% in 2025
The parliament is also considering two draft laws that would introduce progressive individual income tax rates for employment income based on minimum monthly salary/wage (MMS). The first…