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R&D and entrepreneurship
Cabinet considers VAT increase to create business insurance fund
3 sourcesPublished · Updated
The Cabinet of Ministers of Ukraine is considering raising the value-added tax (VAT) by 1-1.5% to establish a business insurance fund. The Ministry of Economy is preparing a compensation program for asset losses for enterprises affected by shelling, with a limit of up to $10 million per legal entity.
Key facts
- VAT increase by 1-1.5%
- Compensation up to $10 million per legal entity
- Business insurance fund
- Meetings with businesses
- Funding from three sources
Cabinet of Ministers of Ukraine · Ministry of Economy · business · Russian shelling
Sources3
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Forbes UkraineEarliest tracked report
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