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Ukraine expects monthly revenues of $36 mln from new war tax

September 04, 2014, 0:25 UTC+3 KIEV
The war tax was introduced by the Verkhovna Rada, or Ukrainian parliament, on July 31, 2014 to be effective till January 1, 2015
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KIEV, September 03 /ITAR-TASS/. Ukraine’s Tax Service plans to receive about 500 million hryvnias (about 36 million U.S. dollars) a month from a recently established war tax, the service’s chief, Igor Bilous, said on Wednesday.

“In August 2014, the budget received 287.1 million hryvnias from the war tax. Starting from September, a month’s average proceeds from this tax are expected at more than 500 million hryvnias,” the press service of the Ukrainian Tax Service quoted him as saying.

The war tax was introduced by the Verkhovna Rada, or Ukrainian parliament, on July 31, 2014 to be effective till January 1, 2015.

The country’s finance ministry has already suggested the term of this tax be extended till the end of 2015.

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