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Ukraine Parliament Revises Proposed Increase and Expansion of the Military Tax

|Proposed Changes|Ukraine
Ukraine

On 28 August 2024, the Tax Committee of the Ukrainian Parliament adopted revisions to the Ministry of Finance's proposal for a draft law to increase and expand the military (defense) tax. The revisions include that the increase in the military tax on individuals from 1.5% to 5.0% would only apply until 31 December of the year in which martial law is abolished. Further, proposed increases in the…

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