Ukraine plans to impose luxury tax
KYIV. March 31 (Interfax) - Ukraine is set to extend the list of the sources of budget revenues for this year by introducing a luxury tax, the Ukrainian Finance Ministry said in a statement on its website.
"Ukrainian government officials explained [to the International Monetary Fund] ways of filling up the budget this year. In particular, by imposing a luxury tax, increasing the excise duty on cognacs and cigars and prestigious car brands," the statement said.
The Cabinet also sees renewed levies for special use of water and subsoil resources as an additional source of budget revenue.
"All these sources of revenue will increase the minimum wage within a year by 38%. The government will do everything in its power to ensure strict compliance with the Ukrainian law setting the minimum subsistence level and the minimum wage, and the Ukrainian presidential decree on urgent measures to tackle poverty," the statement said.
Back in 1998 the Verkhovna Rada passed laws imposing additional pension fund levies on foreign-currency purchase transactions, sale of jewelry, cars and property, etc.