State budget to receive additional UAH 5.2B from agricultural sector next year – minister
The statement was made by Minister of Agrarian Picy and Food Vitalii Koval, Ukrinform reports citing the Ministry’s press service.
It is noted that such calculations were carried out by the Ministry after changing the criteria for determining enterprises, institutions and organizations that are critical to the functioning of the economy and ensuring the livelihoods of the pulation during a special period, as well as taking into account the increase in the military tax rate.
“I would like to thank the responsible agribusinesses that understand their key re in filling the budget of the country at war. Your patriotic stance and understanding bring victory closer,” Koval said.
Read also: Agricultural trade turnover between Ukraine and South Korea reaches $200M a year
In particular, the minister recalled that the Law of Ukraine No.4015-IX dated October 10, 2024 “On Amendments to the Tax Code of Ukraine and Other Laws of Ukraine on Ensuring the Balance of Budget Revenues during the Period of Martial Law” increased the military tax rate from 1.5% to 5.0%.
In addition, Resution No. 1332 of the Cabinet of Ministers of Ukraine dated 22 November 2024 provides for an increase in the accrued average salary of an employee eligible for a reservation to 2.5 minimum wages (currently UAH 20,000). According to the Ministry of Agrarian Picy and Food, such enterprises will generate additional revenues of about UAH 1 billion.
As reported, the law on the state budget of Ukraine for 2025 adted by the Verkhovna Rada provides more than UAH 6 billion to support the agricultural sector.
Source: ukrinform.net