💨 Abstract

Ukraine's parliament approved significant wartime tax increases to boost finances during the ongoing conflict with Russia. The new taxes, effective retroactively from October, include a rise in war tax from 1.5% to 5% for residents, higher taxes for individual entrepreneurs and small businesses, a 50% tax on banks’ profits, and a 25% tax on the profits of financial companies. The aim is to raise 23.2

Courtesy: theprint.in