On 10 October, the Ukrainian parliament (Verkhovna Rada) enacted a law amending Ukraine’s tax code during the period of martial law, which raises taxes for individuals and sole proprietors, while also increasing the tax on bank profits. This marks the first tax increase since the onset of the full-scale war and is a response to the widening budget deficit in defence spending, amounting to approximately 500 billion hryvnias ($12 billion), which cannot be covered by foreign aid. …read more
Source:: Centre for Eastern Studies (Poland)
