Parliamentary Committee Supports Tax Legislation, Set for Vote Tomorrow
A significant event unfolded in the Verkhovna Rada of Ukraine as a specialized committee endorsed a series of tax bills, which are scheduled for voting in the session hall tomorrow, April 7. This announcement was made by MP Yaroslav Zheleznyak from the 'Holos' parliamentary faction via his Telegram channel, as reported by Ukrinform.
In a pivotal move for Ukraine's legislative landscape, the specialized committee of the Verkhovna Rada has shown its support for a number of tax bills that are set to be voted on in the session hall tomorrow, April 7. This development was conveyed by MP Yaroslav Zheleznyak from the 'Holos' parliamentary faction through his Telegram channel, as reported by Ukrinform.
Among the key proposals is Bill No. 15110, which seeks to extend the military tax's duration for three years following the conclusion of the war. This bill garnered support from 16 votes within the committee. Zheleznyak highlighted that the legislation proposes the establishment of a separate special fund to which this tax will be directed, ensuring that the funds are utilized specifically for military needs.
Additionally, the committee backed an initiative regarding the taxation of online platforms, as reflected in Bill No. 15111. According to Zheleznyak, a positive response was received for the revised version of the document, which incorporated provisions from an alternative bill. Notably, it is proposed that self-employed individuals be allowed to tax their income from platforms under the same general conditions as individuals. The necessity for sellers using platforms to open special accounts has also been removed, along with the requirement to disclose banking secrecy concerning sellers' income, and the obligation to submit a tax declaration in case of exceeding the limit, which will be replaced by a tax notification issued by the State Tax Service.
"The bill has significantly improved and is now fully supported by the business community. It will also save money for citizens," Zheleznyak added, emphasizing the importance of the changes being introduced into the legislation.
The committee also endorsed the last bill from the IMF package, No. 15112-1, which pertains to the cancellation of the exemption on parcels valued up to 150 euros. This document received backing from 15 members of parliament. "Tomorrow it will be brought to the hall, but only for the first reading. Further revisions will follow," Zheleznyak noted, indicating that additional work on the document is still ahead.
The MP also pointed out that the implementation of this bill, should it be passed, is not expected to occur before 2027, and only after a system for administering and processing these taxes is in place. "I am convinced that this will be significantly later than January 1, 2027. At the very least, there is currently no funding allocated for the development of the system," he stressed, highlighting the importance of preparing for the implementation of these innovations.
According to Zheleznyak, none of the three bills will generate revenue for the budget in the current year, as all of them are set to come into effect at the earliest in 2027. This situation may raise questions among deputies and the public, given that financial reforms are critically important in the context of the current economic situation.
It is worth noting that the government recently held a meeting with the heads of the Verkhovna Rada committees, during which an agreement was reached to bring a portion of the tax reform-related bills to a vote. This reflects the active efforts of the parliament to reform the tax system in Ukraine.
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