The House of Representatives has completed consideration of the budget and tax package of bills for 2026

Earlier, on November 24, deputies adopted in the first reading bills on the adjustment of the Tax Code, as well as the republican budget for 2026.

As for the draft law "On Amendments to laws on tax relations", the Permanent Commission of the House of Representatives on Budget and Finance, together with interested parties, conducted a serious revision of it for the second reading.

The draft law provides for systematic measures to improve tax legislation, taking into account the results of its practical application, achieve an optimal level of tax burden on the economy, and further simplify the procedure for calculating and paying specific taxes.

When finalizing the draft law for the second reading, in particular, the VAT exemption previously proposed for cancellation for bank financing operations against assignment of monetary claims (factoring) was retained. There is no benefit for other business entities.

The VAT rate of 10% is set for fresh apples produced (grown) in countries with which customs control is established.

Decree No. 493 of October 16, 2014 "On the development of non-cash payments" transferred the income tax benefit from income paid by a bank to an individual in electronic money in the amount of 2% of the amount of non-cash payment for goods (work, service) (money-back remuneration).

The rates for increased taxation of citizens' incomes have also been changed.

The income tax rate for labor and other income will be 13% for income up to Br350 thousand, 25% for income over Br350 thousand, but not more than Br600 thousand; 30% for income over Br600 thousand.

In respect of dividends, the income tax rate will be 13% for income up to Br350 thousand and 25% for income over Br350 thousand.

Legal, editorial and technical comments have been taken into account.

Also at the meeting, the draft law "On the Republican Budget for 2026" was approved in the second reading.