IMF urges Ukraine to reconsider VAT Rate – Danylo Hetmatsev
Source: Danylo Hetmatsev/Telegram
The International Monetary Fund (IMF) has suggested that the Ukrainian government “re-evaluate” its VAT rate to address financial shortfalls and boost revenue.
The news came from Danylo Hetmantsev, chair of the parlimentary committee on finance, taxation, and customs policy. He revealed that the IMF mission had doubts that even the latest tax hike bill would get Ukraine sufficient revenue for the next year, arguing it that only a ‘review’ of the VAT rate can help fix the situation.
In the meeting with the IMF experts, they also brough up the idea of a possible “extra tax” on banks, though this proposal is still un.
In related news, the IMF has begun talks with Ukraine on an additional $1.1 billion in financing that is part of Extended Fund Facility (EFF) program. According to reports, the IMF told Ukrianian officials they would need the devaluation of its national currency, lower interest rates, and increase taxes to help address the country’s budget deficit.
To commemorate the third anniversary of the full-scale invasion, “Bukvy” has compiled data on the largest donors supporting the Armed Forces of Ukraine. Among them there are charitable foundations and businesses. The list includes, in particular, foundations that provide assistance exclusively from their own resources, without fundraising (such as SCM by Rinat Akhmetov, Epicenter, etc.).
In just 1.5 months, Ukrainian specialists have created an innovative protective shell for the control modules of anti-aircraft missile systems (AMS) Patriot and Iris-T SLM. This development was another step in strengthening Ukraine’s defense capabilities, aimed at protecting key elements of the air defense system from debris damage.
Military serviceman of the International Legion for the Defense of Ukraine with the call sign “Paradox” is the crew commander of the American M113 armored personnel carrier. He is a master at using it and is constantly improving, because the legionnaire’s skills are tested every day in battle. You have to drive to the front lines, often under artillery fire and drone attacks.
Notorious supporter of the concept “in order for a cow to eat less and give more milk, it needs to be fed less and milked more” “Servant of the People” Danylo Hetmantsev, under the guise of “business requirements”, registered a draft law on the collection of VAT on all foreign purchases, regardless of their value. In other words, every Ukrainian, buying goods of any value and purpose abroad, when sending them to Ukraine, will have to pay an additional fifth part, or 20% of the cost of the goods.
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