Thursday26 December 2024
podrobnosti.org.ua

The council has postponed the tax hike for individual entrepreneurs.

The Verkhovna Rada of Ukraine has amended the Tax Code. The increased taxes for individual entrepreneurs will take effect not from October 1, 2024, but from January 1, 2025.
Рада отложила повышение налогов для ФОП.
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This is reported by RBK-Ukraine, referencing Member of Parliament Yaroslav Zheleznyak on Telegram. This information is also shared by Kontrakty.UA.

According to him, draft No. 9319 was supported by 268 deputies in the second reading.

"It included an amendment correcting tax bill 11416d and the 'retroactive date', shifting the tax deadlines for individual entrepreneurs from October 1 to January 1, 2025," the deputy wrote.

In addition to individual entrepreneurs, the tax increases are postponed for legal entities operating under the simplified taxation system of the third group.

Law on Tax Increase

The President of Ukraine Volodymyr Zelensky has signed a law regarding tax increases. It came into effect on December 1. The law stipulates an increase in the military tax rate from 1.5% to 5% on all citizen incomes.

The law also mandates a 1% military tax for taxpayers on the simplified taxation system, specifically for individual entrepreneurs of group III and legal entities of group III.

Additionally, a military tax is set for individual entrepreneurs taxed under the single tax of groups I, II, and IV at a rate of 10% of the minimum wage (which amounts to 800 hryvnias per month).

Starting January 1, 2025, monthly reporting for the Unified Social Contribution (USC), Personal Income Tax (PIT), and Military Tax (MT) will be implemented for all tax agents.