The bill (Reg.
No. 8638) amends clause 167 of the Tax Code of Ukraine, whereby a new ascending
income tax scale is introduced since January 1, 2012 at the rates of 10%, 17%, 20% and 30% applicable to the total monthly taxable
income in relation to the sum of income.
The committee members expressed several remarks to the bill.
In particular, the Tax Code of Ukraine establishes an ascending income tax scale. As this tax scale has been in effect for less than one year, its results shall be analyzed further to the results of the fiscal year. It is only afterwards that the income tax rates might be changed, the committee members believe.
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