The Ukrainian government has proposed introducing a general declaration of income of individuals and a free tax amnesty, Finance Minister Oleksandr Shlapak has said.
“Paid and free amnesties are being discussed. We are offering a free one,” he said, while presenting tax reform at the opening of a government meeting in Kyiv on Sept. 15.
At the same time, he noted that it was proposed to introduce a new progressive scale of personal income tax: 20 percent from income ranging from Hr 500,000 to Hr 1 million and 25 percent from income exceeding Hr 1 million instead of the current 15 percent from income of up to ten minimum wages and 17 percent from income exceeding ten minimum wages (currently standing at Hr 12,180 per month and Hr 146,156 per year).
