Business news from Ukraine

Business news from Ukraine

In 2025, agricultural sector of Ukraine will provide additional UAH 5.2 bln to state budget

10 December , 2024  

In 2025, the state budget of Ukraine will receive an additional UAH 5.2 billion from the agricultural sector at the expense of enterprises, institutions and organizations that are critical for the functioning of the economy, as well as due to an increase in the military tax rate, said Vitaliy Koval, Minister of Agrarian Policy and Food.

“I would like to thank the responsible agribusinesses that realize their key role in filling the budget of the country at war. Your patriotic stance and understanding bring us closer to victory,” the press service of the Ministry of Agrarian Policy and Food quoted him as saying.

The minister reminded that Law No. 4015-IX “On Amendments to the Tax Code of Ukraine and Other Laws of Ukraine on Ensuring the Balance of Budget Revenues during the Period of Martial Law” increased the military tax rate from 1.5% to 5.0%. Also, the Cabinet of Ministers Resolution No. 1332 provides for an increase in the accrued average salary of an employee applying for a reservation to 2.5 minimum wages (currently UAH 20 thousand – IF-U).

According to the Ministry of Agrarian Policy, additional revenues from such enterprises will amount to about UAH 1 billion.