The Ukraine parliament is reportedly considering a draft law that provides for the introduction of progressive individual income tax rates to replace the current 18% flat rate. The rates would be based on the minimum subsistence level (MLS) as follows:
- up to 3 times the MSL - 5%
- over 3 times up to 10 times - 15%
- over 10 time up to 20 times - 18%
- over 20 times up to 50 times - 22%
- over 50 times up to 100 times - 27%
- over 100 times up to 300 times - 33%
- over 300 times up to 500 times - 40%
- ove…