Ukraine plans to introduce temporary 1.5 percent military law - Yatsenyuk

The Ukrainian government intends to introduce a temporary 1.5 percent military duty, which will be an addition to the personal income tax.

The Ukrainian government intends to introduce a temporary 1.5 percent military duty, which will be an addition to the personal income tax.

Ukrainian Prime Minister Arseniy Yatsenyuk told a briefing on Monday the duty, if introduced, will stay in effect until the end of this year.

"There will be another temporary tax, a 1.5 percent military duty, which will be an addition to the personal income tax. It will only be until the end of this year. This 1.5 percent will go directly to the Armed Forces," he said.

The Ukrainian Finance Ministry estimates that the introduction of this military duty will help accumulate 2.9 billion hryvni ($247 million), which will be used for financing the defense sector.

Yatsenyuk also said Ukraine may not get the next tranche of the IMF and World Bank loan if the Rada does not adopt the bills proposed by the government on Thursday.

"If we adopt these bills, we will have money to finance the Armed Forces, rebuild Donetsk and Lugansk and help the entire Ukraine in general. And we will get $1.5 billion from the International Monetary Fund and the World Bank. If we don't adopt them, we will not get it," he told a press conference.

The bills in question amend the Ukrainian state budget, tax legislation, and some laws on the reform of the management of Ukraine's Unified gas Transportation System.

 

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