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Ukraine Increases Military Taxes and Taxes on Banks and Other Financial Institutions

|Approved Changes|Ukraine
Ukraine

Ukraine has published the Law on Amendments to the Tax Code of Ukraine and Other Laws of Ukraine to Ensure the Balance of Budget Revenues during Martial Law (Law 4015-IX), which was signed into law on 28 November 2024 and entered into force on 1 December 2024. The law, which underwent several revisions, includes measures for an increase and expansion of the military (defense) tax and other tax-related measures.

The final law includes an increase in the military tax on individuals from 1.5% t…

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