💨 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
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