The military levy will not be abolished after the war: Zelenskyy has signed the law
This is stated on the Verkhovna Rada’s website.
The main changes to the draft law are as follows:
- the military levy will remain in place not only during martial law, but also until the end of the third year following its conclusion;
- the rate remains at 1.5% for most taxpayers;
- the levy will continue to apply to the income of individuals, sole traders and other categories of taxpayers;
- it will be included in the calculation of the total tax burden for certain groups of single tax payers.
The document also provides for the creation of a separate special fund within the Budget Code, into which these funds will be channelled for the specific purpose of meeting the army’s needs.
As MP Yaroslav Zheleznyak noted, this year it is planned to collect 163 billion hryvnias from this levy.
“Let me remind you, this was part of the IMF’s roadmap (more precisely, a quarter of it),” he stated.
The military levy is a compulsory tax. For sole traders in groups 1, 2 and 4, it is set at 10% of the minimum wage; for sole traders in group 3, it is 1% of income. Military personnel pay 1.5% of their income, whilst for individuals the rate is 5%.
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