On 19 May 2015, the Ukrainian parliament adopted a law increasing the individual income tax upper rate bracket threshold. The threshold is increased from 10 minimum salaries to 17 minimum salaries. Currently 1 minimum salary is equal to UAH 1,218, although this will increase to UAH 1,378 from 1 December 2015. The current upper tax rate is 20%, which was increased from 17% effective 1 January 2015. The new law will enter into force on the first day of the month following the date it's published in the Official Gazette.