Zelensky signs law on “historic” tax increase

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Ukrainian President Vladimir Zelensky signed a law on a “historic” tax increase in the country. Rada deputy Yaroslav Zheleznyak reported this on his Telegram channel.

He noted that the president did this “44 days later.”

“If you have already signed, you may ask why you are delaying. Why was there so much time to correct the text? Answer: I don’t know, no one knows. Simple and illogical,” the parliamentarian wrote.

According to him, the law will be published on November 30 and will come into force thereafter.

On October 10, Zheleznyak said that the Rada supported this bill and handed it over to Zelensky for signature. The document includes increasing the military tax from 1.5 percent to 5 percent, as well as increasing the bank profit tax to 50 percent.

On November 28, Ukrainian Prime Minister Denis Shmygal said that Zelensky signed Law on the state budget for 2025 with a deficit of 1.55 trillion hryvnia (over $37.3 billion). According to him, the budget priority will be the financing of the Armed Forces of Ukraine (AFU), 2.23 trillion hryvnia ($53.6 billion) will be allocated for the purchase and production of weapons, unmanned aerial vehicles and equipment.

Previously on Rada in the name The amount received from the Ukrainian budget since February 2022.

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