Who will pay extra taxes?
The government draft bill is aimed to create preconditions for raising additional money to refill the government coffer and ensure adherence to the requirements of the taxing legislation. In this connection, it is proposed to enter some changes to the Tax Code of Ukraine:
1) as regards income tax levied on enterprises:
- to cancel taxes at a lower rate (10%) on income obtained from transactions with securities and derivatives;
- to rescind exemption from income tax on hospitality businesses;
2) as regards VAT:
- as of January 1, 2015 to move major agrarian companies to the general VAT taxation;
- to repeal taxes levied at 0% on high-speed train services - Інтерсіті +;
3) moreover, it is applied to the excise duty, mineral resources rent tax, fixed agrarian tax.
