The State Fiscal Service of Ukraine (SFS) has reported that Ukrainian taxpayers have contributed UAH 5.2 billion in military taxes to the nation`s budget during the January-June 2016 period.
Further, military tax collections have increased by 20% year-over-year, according to the State Fiscal Service.
”Given the situation in the east of the country, taxpayers pay military taxes in good faith … The increase in revenues has also been determined by measures aimed at `deshadowing` the economy, in particular, by identifying people who receive shadow salary payments ”in envelopes” without paying taxes, as well as raising the minimum wage,” the SFS press service reported.
As UNIAN reported earlier, in 2015, more than UAH 9 billion in military taxes were transferred to the state budget. The 1.5% military tax was introduced in August 2014.
The SFS noted that the military tax is subject to payments by individuals – both residents and non-residents receiving income sourced from Ukraine, as well as tax agents. The tax is imposed on all taxable income of individuals.
The military tax collected from residents includes the total monthly (annual) taxable income; income originating from Ukraine, which is ultimately taxed at its accrual; and foreign income derived from sources outside Ukraine.
The collection of military taxes from non-residents is based upon the total monthly (annual) taxable income, with the source of its origin from Ukraine; and income originating from Ukraine, which is ultimately taxed based upon its accrual.
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