The tax increase law has been published: the military levy will rise starting tomorrow, according to Hetmantsev.

The President of Ukraine, Volodymyr Zelensky, signed a law on tax increases on November 28 — a record of this appeared in the card of law 11416-d on the website of the Verkhovna Rada. Although Prime Minister Denys Shmyhal stated on November 27 that taxes would not be raised "retroactively" and that the changes would take effect no earlier than December 1, the head of the financial committee of the Verkhovna Rada, Danylo Hetmantsev, asserts that the law will come into force on November 29 and that the military levy at the new rate of 5% will be withheld for the last two days of this month. He wrote about this on his Telegram channel.

The law signed by the president, titled "Law on Amendments to the Tax Code for Financing the Defense Forces and Ensuring Financial Stability," was published in the newspaper "Holos Ukrainy" today, November 28, thus coming into effect tomorrow — November 29, according to Danylo Hetmantsev. According to him, this means that the military levy for the last two days of November must be paid by enterprises at the new rate.

"Given the timing of the law's publication, it will take effect from November 29. Therefore, the military tax at the new rate should only be withheld for the last 2 days of November," Hetmantsev wrote.

He also added that the financial committee proposed amendments that would allow the new military levy rates for individual entrepreneurs to take effect from January 1, 2025. However, these amendments still need to be supported by the Verkhovna Rada next week.

Tax Increase Law: Clarifications from the Ministry of Finance

On the website of the Ministry of Finance of Ukraine, in a news article about Zelensky signing the tax increase law, it is stated that the rate will actually change starting December 1, 2024.

"The tax law will not provide for the retroactive charging of military levy for taxpayers. The military levy rate for individuals on wages, income from bank deposits, rental properties, winnings, and other incomes will increase from 1.5% to 5% and will take effect on December 1, 2024," the ministry's press service reports.

Individual entrepreneurs of the first, second, and fourth groups of single tax payers will have to pay the military levy starting January 1, 2025. For them, the rate will be 10% of the minimum wage set at the beginning of 2025, which was 8,000 UAH. Thus, individual entrepreneurs will pay 800 UAH in military levy per month.

Individual entrepreneurs of the third group will pay a military levy of 1% of their turnover based on the results of the first quarter of 2025.

Military levies will not apply to domestic government bond obligations, including military ones, social payments, pensions, and scholarships. For military personnel and employees of law enforcement agencies, the rate will remain at the previous level of 1.5%.

The ministry also notes that the military levy will be temporary — until the end of martial law in the country.

On November 28, President Volodymyr Zelensky also signed the "State Budget" law for 2025. Prime Minister Denys Shmyhal explained how state funds will be allocated next year.

On the same day, Volodymyr Zelensky signed a draft amendment to the law "On Military Duty and Military Service." According to the signed law, military personnel who return to service after unauthorized departure from their unit before January 1, 2025, will retain their payments.