Taxes for Those Who Value Money More Than Humanity

by Olha Povaliaieva
Friday, April 1, 2022
1 MIN
Taxes for Those Who Value Money More Than Humanity

On April 1, a law came into force legalizing tax increases for international companies that continue to operate in Russia

The Parliament of Ukraine passed a law On increasing the tax burden for companies that continue to operate in Russia. According to the law, companies that continue to sponsor the war killings will pay in Ukraine.

"Regarding the taxation of economic entities related to economic relations with the aggressor state, which provides for the use of taxation in Ukraine of international companies whose units continue to operate in Russia, a factor of 1.5 to corporate income tax rates, environmental tax, rent and property tax (as a basis)," chairman of the Tax Committee of the parliament Danylo Hetmantsev.

We remind you that as of today, 38 companies have expressed their unwillingness to close down in Russia, 178 have stopped doing business in the aggressor country and supported Ukraine.

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