🙈 Ukraine 🇺🇦: MP says all personal income may soon be taxed — including card transfers and second-hand sales

🙈 Ukraine 🇺🇦: MP says all personal income may soon be taxed — including card transfers and second-hand sales

According to recent statements from a lawmaker, the Ukrainian government is considering taxing all personal income, including money transfers between bank cards and online sales of used goods.

➡️ Main reason: The initiative is part of an effort to narrow the country’s budget deficit, currently estimated at 400–500 billion hryvnias (roughly USD 9.6–12 billion).

➡️ MP Nina Yuzhanina, from the European Solidarity party, stated that authorities believe individuals currently possess more liquidity than businesses. The goal, she said, is to avoid placing additional tax burdens on companies amid a fragile economic situation.

➡️ Exceptions to taxation:

✅ Up to 2,000 UAH per year (about USD 48) will be exempt from taxes.

✅ Loans that are fully repaid will not be taxed.

✅ Transfers from close relatives (first- and second-degree kin: parents, spouses, children, siblings, grandchildren, grandparents) will also be exempt.

➡️ However, gifts from non-relatives exceeding certain thresholds could be taxed at 18% income tax plus a 5% military tax. These rates are still under consideration.
For now, no VAT increase has been confirmed, although the possibility remains on the table, according to officials.

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