What are the taxes and rates will rise for Ukrainians in the summer

Summer, the Ukrainians will receive the first receipt and within 60 days will have to pay property taxes. This year, the tax rate will increase, as it is tied to the minimum wage – increasing the minimum wage, increasing the tax rate. In addition, increase some of the tariffs for communal services. The website “Today” has found out that how expensive for Ukrainians this summer.

For the “extra property” will have to pay more

After a few weeks , the Ukrainians will receive the first bills for “excess” property. Each city Council will determine what area is considered “excess” and how much of it will have to pay. The collected taxes will replenish local budget.

The Tax code says that you cannot charge taxes for apartments with an area less than 60 squares, and a house area of 120 square meters. And the size of the tax should range from 0 to 1.5% of the minimum wage over the past year. Given that in 2016, the minimum wage has increased from 1378 to 1600 hryvnia, this year the Ukrainians will have to pay for your property any more.

Photo: pixabay.com

In Kiev, the tax rate from last year has not changed – for each square “in excess of” need to pay 1% of the minimal salary. For example, a family who lives in the apartment area of 90 square meters, last year had to pay a tax of 413,4 hryvnia, and this summer is already 480 UAH. However, really significant tax increase waiting for Ukrainians in the summer of 2018. Then for the “extra” 30 squares will have to pay the state 960 hryvnia.

This year the bills will come up to the Ukrainians first of July. To pay given 60 days to those who miss it, will face fines. For the month, stitching +10% from the amount of tax in arrears more than 30 days +20% from the amount of tax.

For example, last year a family with an apartment area of 90 squares, which paid the tax for two months after the deadline, had to pay a fine 82 of the hryvnia, and this year is 96 UAH.

That price will rise in summer

In Ukraine for a few days will increase tariffs on the services of one of the largest Internet providers “Will”. “To continue to maintain a high level of service, we have since June 1, 2017 to adjust the current monthly fee for your rates and additional services”, – stated in the message of the company. Among the reasons for the rise in price of their services in the company called the rise in tariffs for energy, legislative changes, increased cost of TV content. In June a plan to raise rate of 12.6%, however, this price increase, as noted in the company, will not stop.

In addition, in summer, can raise tariffs for some utilities. The national Commission has already decided to raise rates in some cities, for example, in Kiev.

The price of cold water:

  • “Kyivvodocanal” – from 13.77 to 15.79 UAH per cubic meter
  • “Loovvool” – from 10.49 to 13.41 hryvnia per cubic meter
  • “Raveolution” – from 13.38 to 15.84 hryvnia per cubic meter
  • “Dniprovodokanal” – from 12.45 to 13.32 USD per cube
  • “Hmelnickogo” – from 11.49 to 13.91 hryvnia per cubic meter

The average family of three spends 7.2 per cubic meter of cold water per month. Earlier in the capital, for such a volume of water had to pay 99,1 hryvnia, after the price increase for water will have to pay 111,5 hryvnia. Note, at the moment, the tariffs for hot and cold water is not increased in all cities of Ukraine. As explained in the Commission, all businesses are required to apply with a request to set new rates until August 10. After that NKREKU new tariffs approved.

The tariff for water supply, every company calculates for itself. The cost of service entering salaries, electricity (it work the pumps), repair, taxes, depreciation, etc. Dependent on equipment, jobs, health, the cost of water from different companies are different. The local authority approves the programme of development of the enterprise and considering the planned rate, the final decision of the national Commission of regulation of energy and utilities (NKREKU). The main requirement of the Commission rate must cover all costs and include depreciation.

This year, as noted by the representatives of local authorities at the Commission meeting in February 2017, it turned out that Ukrainians spend less water than projected in the calculations. The more the company sells, the cheaper their service. However, due to the significant price increase communal Ukrainians began to save.

But the price of gas, as stated by the Prime Minister Volodymyr Groysman, to revise the plan. “I heard that the government is going to raise the price of gas is up to 8,5 thousand UAH. I want to emphasize that this is not true. This is an absolute lie”, – quotes the Ukrainian press service of the government.

What will happen to the hryvnia exchange rate

In early February the official exchange rate of hryvnia made up of 27.02, and at the moment fell to 26,38 hryvnia. The national currency has strengthened primarily due to revenue from agricultural products, says the head of analytical Department of Concorde Capital Oleksandr Parashchiy. Economists such capacity called the “seasonal factors” – agricultural companies to make revenue in order to carry out the sowing. In addition, many Ukrainians spend accumulated before the economic crisis dollars, and importers are traditionally distinguished in this period of low activity. As already said, website “Today”, the Ukrainians EN masse surrender of the currency to banks, net redemption for the day reaches $ 10 million.

Photo: pixabay.com

Some of these factors will be relevant until at least mid-summer, however, Alexander para sure after a few weeks the hryvnia will change the trajectory of the dollar will rise. “We see that the volume of steel production the last months of fall, and prices on world markets are slightly reduced. Most likely, in the future, less than a month we will see that the hryvnia will weaken,” explains the expert.
In July, the hryvnia can be bought for 27 hryvnia, suggests Alexander Parashchiy. For currency will affect the situation on the commodity markets, and the decision of the court of arbitration between Naftogaz and Gazprom. By the end of the year, according to estimates by Concorde Capital, devalue the hryvnia to the level of 28.5 hryvnia to the dollar.

Senior analyst “Alpari” Vadim Iosub notes: hryvnia strengthened not only because of the high foreign currency revenues of Ukrainian exporters. Last time, the expert said, the dollar is steadily losing ground against all currencies.

“The dollar is falling due to weak U.S. economic data and ongoing scandals around the figure of President Donald trump, due to which already there are voices about a possible impeachment. Although the success of this impeachment looks unlikely today, political tensions among the political elites of the USA further pressure on the dollar, which only in the last two weeks rose to Euro with 1,0850 to 1,1250”, – notes the analyst.

In “Alpari” I believe that is a favorable situation for the hryvnia may last until mid or even late summer. During this time, according to experts, the dollar in Ukraine will drop to 25 hryvnia. “The growth of the dollar, which is possible in the second half of 2017, will be quite smooth. By the end of the year, the dollar is unlikely to exceed the range of 26.5-27 UAH”, – predicts Vadim Iosub.

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