On November 8, the Verkhovna Rada, during its session, supported in the second reading Bill No. 10037 concerning personal income tax (PIT) redirection for the needs of the army.
This was announced by MP Yaroslav Zheleznyak.
“The cost to the general budget from Bill No. 10037 for this and the next year is: 214.7 billion UAH”, he noted.
A total of 253 Members of Parliament voted “in favor.” Therefore, the budget will receive 214.7 billion UAH redirected from PIT for military expenses.
What the bill proposes:
From October 1 to December 31, 2023, the “military PIT” will be directed to the state budget in a 50%-50% proportion: State Special Communications for drones (13 billion UAH) and the Ministry of Defense for the purchase of artillery systems (13 billion UAH).
From January 1 until December 31 of the year in which martial law is terminated or canceled, the “military PIT” will be distributed in the following proportions:
- 45% to the State Special Communications for drones (estimated at 43+ billion UAH)
- 45% to the Ministry for Strategic Industries of Ukraine for the production of ammunition and weapons (43+ billion UAH)
- 10% to military units at the local level (approximately 10 billion UAH).
Photo: Yaroslav Zheleznyak
