The Verkhovna Rada of Ukraine today, March 15, 2022, adopted as a basis and in general the draft law “On Amendments to the Tax Code of Ukraine and other legislative acts of Ukraine on the operation of norms during the period of martial law” (No. 7137d).

This is discussed in the message of the parliament on the Telegram channel.

As noted, the law is necessary to provide support for citizens and businesses in Ukraine during the period of martial law.

Key provisions:

• providing for the possibility for individual entrepreneurs and legal entities with a turnover of up to UAH 10 billion to pay a single turnover tax in the amount of 2% according to the rules established for the 3rd group of single tax payers, that is, with exemption from income tax, VAT and other payments ;
• for individual entrepreneurs of the 1st and 2nd groups, the payment of a single tax is voluntary.
• determination of the specifics of the calculation of certain taxes and fees under martial law, in particular ERUs, land fees, and environmental taxes;
• reduction of VAT to 7% and exemption from excise tax on fuel;
• release of consumers from liability to the lender for the delay in fulfilling obligations under a consumer loan agreement;
• exemption from personal income tax for assistance to victims of military aggression of the Russian Federation;
• stopping the operation of the norms that granted the right to the mortgagee to evict its tenants from mortgaged housing, to acquire ownership of the subject of mortgage or to sell it.

In addition, at today's meeting, the Parliament extended martial law in Ukraine. Thus, the Rada approved the relevant Decree of the President of Ukraine dated March 14, 2022.

The martial law regime has been extended from 05:30 on March 26, 2022 for a period of 30 days, that is, until April 25, 2022.

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