The Verkhovna Rada supported in the first reading the draft law, which is supposed to make changes to the Tax Code, including canceling the simplified taxation system for sole proprietorships – the single tax rate of 2%.
What can change from July 1:
- abolition of the possibility for sole proprietorships and legal entities to be taxpayers of the uniform tax of the III group with the application of the uniform tax rate of 2% of the amount of income;
- cancellation of the possibility for FOP payers of the single tax of groups I and II not to pay the single tax;
- resumption of documentary checks. The document stipulates that such checks during martial law are carried out in the presence of safe access to territories, premises and documents related to the calculation and payment of taxes and fees;
- resumption of the application of fines (for violation of tax legislation; correctness of accrual, calculation, and payment of ESS; procedure for using PRO/PRRO);
- restoration of the periods specified by the tax legislation.
The draft law does not provide for tax increases and does not introduce new tax rates.
“The norms are aimed primarily at returning the tax legislation to the pre-war state. In particular, from July 1, 2023, the effect of certain norms of the Code, introduced for the period before the termination or abolition of martial law on the territory of Ukraine, will be limited,” the Minister of Finance emphasized. “The adoption of the draft law will contribute to the increase of revenues to the state and local budgets in 2023 in the amount of about 10 billion hryvnias,” he added.