Currency exchangers will be subject to a new tax

Daniid Getmantsev, head of the parliamentary committee on finance, tax and customs policy, spoke about the new bill. He announced this in his Telegram channel.

I have registered in the Parliament a bill initiated by the NBU on the introduction of an advance contribution on corporate income tax for structural units of non-banking financial institutions that trade in currency values in cash,” Getmantsev wrote.

The bill will help fill the budget with a fixed amount of 3 minimum wages for each exchange point; in 2021, the income from one exchange point amounted to about UAH 1,700 per year. Annual revenues will amount to about a billion hryvnia.

In 2021, exchangers paid income tax of only UAH 7 million.

A significant part of the money in the exchangers passed by the army, pensioners and migrants into the pockets of the owners of the exchangers,” Getmantsev emphasized.

Currency exchange has always been considered one of the most profitable businesses, especially in times of crisis associated with objective or artificial hryvnia exchange rate fluctuations, he summed up.