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Update - Ukrainian 'War Tax' Adopted by Parliament

|Approved Changes|Ukraine
Ukraine

Following its submission to parliament On 25 July 2014, Ukraine's proposed 'war tax' was adopted on 31 July 2014. The purpose of the tax is to support the Ukrainian army's operations against pro-Russian separatists.

The tax will be imposed at a rate of 1.5% on the wages, salaries and other forms of employment compensation of individuals working in Ukraine whose salaries in 2013 amounted to UAH 500,000 (or equivalent) or above. The tax is to be withheld by employers and will apply until the …

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