Automatically translated version. May contain inaccuracies compared to the original.
The Ministry of Economy confirmed plans to raise VAT and explained how this will help businesses.
The government proposes creating an insurance fund that would provide businesses reimbursement of up to $10 million for initial losses from a Russian attack.
The Cabinet of Ministers plans to create a special fund to insure businesses against war risks, which would be financed by increasing VAT by 1%. The insurance premium is planned to be set at 2% of the value of the asset.
The program could be launched at the beginning of 2027 and its coverage would include the entire Ukraine.