The Government of Ukraine submitted to the Verkhovna Rada draft compromise amendments to the Tax Code, which provides for the establishment in 2016 of a single rate of the single social contribution (Single Contribution) 22%.
As part of the tax on personal income the establishment of a single basic rate of 18% is proposed instead of the current two rates of 15% and 20%, and 5% remains for the dividend rate.
As for the property tax, the Government will initiate establishment of additional tax rate of UAH 25 thousand for apartments over 300 square meters and houses with floor space of over 500 square meters. According to the document, the excise tax on alcohol in 2016, alcoholic beverages and beer are proposed to be increased by 100%, on tobacco products - by 40% (specific rate) on fuel - 13%.
