Ukraine Parliament Fails to Pass Parcel Tax Law Tied to IMF, EU Funding
Lawmakers rejected the measure by 194 votes, leaving a proposed 10 billion hryvnia annual revenue source tied to IMF and EU funding unresolved.
- On Tuesday, Ukraine's parliament failed to pass a bill introducing taxes on foreign parcels, securing only 194 of the 226 votes required to unlock IMF and EU funding.
- Currently, parcels containing goods worth less than €150 are not subject to taxes in Ukraine, though the finance ministry estimated introducing the tax would generate around 10 billion hryvnias annually.
- Danylo Hetmantsev, head of the parliamentary committee for finances, taxes and customs, claimed the failure to pass legislation costs about €4 billion from the EU and IMF.
- Following the vote, Koretskyi warned on Telegram, "A financial disaster is not just around the corner. It is already in the room," escalating pressure on lawmakers.
- An IMF monitoring mission is in Ukraine this week to review the lending program, as some lawmakers fear the tax would raise living costs while others argue it helps domestic producers.
12 Articles
12 Articles
Ukraine parliament fails to pass parcel tax law tied to IMF, EU funding
By Olena Harmash KYIV, Sept 1 (Reuters) - Ukraine's parliament failed on Tuesday to pass a law to introduce taxes for foreign parcels that is required to unlock IMF and EU funds, dismissing government warnings about growing financial risks and a short...
The Council again failed the tax on parcels up to €150 <p>Parliament did not support the draft laws on VAT on imported parcels from the first euro. The documents were returned to the Cabinet of Ministers for revision.</p>
The bills were rejected against the background of the IMF mission to Kiev.
Ukraine's parliament failed on Tuesday to pass a law to impose taxes on parcels from abroad — a measure necessary to unlock funds from the IMF and the… Ukraine: Tax bill linked to IMF and EU funding fails to pass - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
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