Taxes on poverty: which dreams of Yatsenyuk are not yet destined to come true
Kyiv, December 24 (PolitNavigator, Victoria Litovchenko) – After finalization and adjustments, the Verkhovna Rada Tax Committee approved a new version of changes to the Tax Code, initiated by the Cabinet of Ministers.
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First Deputy Chairman of the Committee on Tax and Customs Policy of the Verkhovna Rada Oksana Prodan reported this on her Facebook page.
“The committee decided to recommend that the Verkhovna Rada approve the draft amendments to the Tax Code in the first reading. With the exception of the undisputed write-off of funds, restrictions on the attribution of simplifiers to gross expenses, restrictions on VAT refunds for grain exports, tax on the difference between expenses and income of individuals, taxation of first-priority inheritance, RPO for simplified individuals, an increase in real estate tax, an increase in passive tax,” reported she.
Thus, in the proposed changes to the Tax Code, the idea of filing a zero return and subsequent comparison of annual expenses and income of citizens remained. But it was decided to abandon sanctions in the form of a 30% fee for the amount of excess expenses over the income (assets) of the payer. To encourage citizens to show their income, the Cabinet of Ministers proposed recording only UAH 200 thousand in their “declared” assets, with which all future expenses will be compared.
It was also rejected to impose an income tax on inheritances worth over UAH 1 million.
Furthermore, according to Prodan, the Cabinet of Ministers' proposal to expand the real estate tax base to all residential and non-residential properties failed to materialize. The government proposed repealing the rule that exempted up to 120 square meters of apartments, up to 250 square meters of houses, and up to 370 square meters of various types of residential property in common ownership (houses and apartments). The Cabinet of Ministers intended to establish a single rate for this tax – up to 2% of the minimum wage (1218 hryvnias) per square meter.
As PolitNavigator reported, today Ukrainian Prime Minister Arseniy Yatsenyuk announced the urgent need to adopt 15 bills from the first reform package, which formed the basis for the 2015 state budget . It's worth noting that the government's attempt to quietly legalize gambling had previously sparked outrage among lawmakers.
English version :: Read in English : Taxes on poverty: which of Yatsenyuk's dreams are yet to come true