An additional customs duty may appear in Ukraine. However, it is too early to talk about its concept.
About it in an interview UNIAN Minister of Finance of Ukraine Serhiy Marchenko said, Ukrinform reports.
According to him, the issue of introducing an additional customs duty is currently being discussed. But his concept has not yet been approved.
“We are now discussing this issue. Such an initiative may not be called an additional customs duty, it may be a separate military tax. Or an additional fee for foreign exchange transactions for the purchase of imported goods. There is no final concept yet, so it’s too early to say when and in what form the fee will be introduced,” Mirchenko said.
At the same time, the minister said that the dynamics of tax and customs revenues is beginning to improve. If in March customs receipts were in the amount of UAH 7 billion, then in July it was already more than UAH 22 billion.
“If in March customs receipts were UAH 7 billion, in April – UAH 8 billion, and in May – UAH 9 billion, then by the results of July we received more than UAH 22 billion. And this will be more than 56% of the planned pre-war figures. And this cannot but rejoice us. As of August 1, about UAH 90 billion has been collected through customs and tax,” Marchenko said.
According to him, one of the main factors behind the increase in tax and customs duties in July was the return of VAT and import duty, as well as tighter control over goods imported into Ukraine.
The minister also stressed that all funds coming to the Ukrainian budget from international partners are directed exclusively to protected expenses in the form of wages, pensions, social support, etc. While the financing of military needs is only possible through collected taxes and domestic borrowing.
“We finance the army only with our own resources, and these are tax and customs revenues, as well as funds that we receive when placing military bonds on the domestic market. And now let’s count: on average, we need about UAH 130 billion a month to finance the army. And tax and customs revenues are at best, as in July – about UAH 90 billion (excluding VAT refunds). And in the first months of the war, as you know, the situation was several times more complicated. We constantly need to look for the difference on the domestic market on a monthly basis,” said Marchenko.
As reported, in July 2022, the general fund of the state budget received UAH 169.6 billion. The main revenues were received from: value added tax on goods produced in Ukraine – UAH 35.4 billion (collected UAH 35.4 billion, reimbursed UAH 0.6 million), value added tax on goods imported into the customs territory of Ukraine – UAH 20 UAH 2 billion, personal income tax and military tax – UAH 13.3 billion, excise tax – UAH 7.8 billion, corporate income tax – UAH 4.8 billion, rent for subsoil use – UAH 3.6 billion UAH and import and export duties – UAH 1.9 billion.
Also in July, the general fund of the state budget received UAH 80.4 billion of international assistance (grants).