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Ministry of Statistics expects to increase the share of IT sector to 10% of GDP

  • May 24, 2022
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The Ministry of Digital Transformation expects the IT sector to increase its share of Ukraine’s GDP to 10%. According to the Ukrinform correspondent, this was stated by the

Ministry of Statistics expects to increase the share of IT sector to 10% of GDP

Ministry of Statistics expects to increase the share of IT sector to 10% of GDP

The Ministry of Digital Transformation expects the IT sector to increase its share of Ukraine’s GDP to 10%.

According to the Ukrinform correspondent, this was stated by the Deputy Prime Minister – Minister of Digital Transformation Mykhailo Fedorov during the International Diia Summit Brave Ukraine in Davos.

“We invested our vision in four goals: to transform all government services 100% online, to provide 95% of the population with the best Internet quality, to provide 6 million Ukrainians with basic digital skills, to increase the share of IT in GDP to 10%,” Fedorov said.

In the future, the Ministry of Finance expects Ukraine to get rid of paper bureaucracy and switch to cashless, purely non-cash payments.

As reported, since February 8, Ukraine has a special legal regime “Action.City”, designed for the development of the IT industry. The aim of the project is to create favorable conditions for the development of innovation and technology business.

Action.City allows you to choose which corporate tax to pay: withholding tax (PnVK) 9% or income tax – 18%. It also offers special rates for employees and business professionals of IT companies: personal income tax (PIT) – 5%, single social contribution – 22% of the minimum wage, military duty – 1.5%. If a specialist receives more than 240 thousand euros per year, all income above this limit is taxed at 18%.

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Source: Ukrinform

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