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"Unpopular Decision": Prime Minister Koretsky Confirms Plans to Raise VAT by 1%

Summary by News-pravda.com
"Unpopular decision": Prime Minister Koretsky confirms plans to raise VAT by 1%"An unpopular decision has been included in the state budget, including a small tax increase. VAT. Unfortunately, there are no other sources,"...

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Lean Left

The planned increase in VAT, provided for by the draft state budget of Ukraine for 2027, is due to the need to ensure financing of the program of insurance of business against war risks.

·Kyiv, Ukraine
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The Government of Ukraine plans to raise the basic VAT rate from 20 per cent to 21 per cent in 2027, as announced by the country ' s Prime Minister, Sergei Korecki, in an interview with TSN.

The planned increase in the VAT in Ukraine ' s draft State budget for 2027 is related to the need to finance the insurance programme B

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A 1% increase in VAT is considered by the government as one of the sources of financing a special fund to insure businesses against war risks.

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ТСН.ua broke the news on Sunday, September 27, 2026.
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