On 4 August 2014, members of the Ukrainian parliament submitted draft legislation to introduce a defense tax on legal entities. The proposed tax follows the recently approved 'war tax' of 1.5% on individual's.
The proposed defense tax would apply to all resident legal entities that carry on business activities in Ukraine and abroad, as well as any legal entities required to register as corporate taxpayers in Ukraine. The tax would be applied at a rate of 0.25% on corporate profits if taxable…