Today, each officially employed resident of Odessa region contributes to the defense of the Ukrainian army paying the military levy.
Thus, the taxpayers of Odessa region transferred 62 million UAH of the military levy to the state budget in January 2020. Compared to January 2019, the payment has increased by 14.7% or 8 million UAH.
Notable factor in the increase of the total amount of deductions is not only the increase in the minimum wage but also the widening of the range of the military levy’s taxpayers by un-shadowing hired employees and business.
It should be reminded that the military levy is applied to income in the form of wages, incentive and compensation benefits or other payments and are paid to the taxpayers due to the employment.
The levy rate is 1.5% of the taxation subject (Sub-paragraph 1.3 Paragraph 16 note 1 of Subsection 10 of Section XX of the Tax code of Ukraine).
Employers accruing income in favor of the taxpayer are responsible for accruing the levy to the budget.