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KIEV, January 2. /TASS/. Ukraine’s parliament, the Verkhovna Rada, has extended the military tax until a reform of the country’s Armed Forces is completed, a law published in the Voice of Ukraine newspaper on Friday says.
The military tax set at 1.5% from incomes of individuals was introduced in Ukraine on August 3 and was expected to last until January 1, 2015. The tax will be now effective until the parliament’s decision on completing the reform enters into force.
In late December, Ukraine’s Defence Minister Stepan Poltorak announced plans to double the country’s military budget in 2015 to 50 billion hryvnias (some $3.2 billion), which will be apparently at the expense of social spending.