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The Government is considering changes in the simplified taxation system

The Government is considering changes in the simplified taxation system

On December 27, the Cabinet of Ministers adopted the National Revenue Strategy for 2024-2030. These are certain changes that should take place in the tax and customs sphere and ensure revenue to the state budget.

If this document is adopted, the changes will be implemented gradually, starting in 2025.

What changes does the strategy envisage?

The status of an individual entrepreneur will be acquired by an individual automatically, after opening an account in a bank with the status “for conducting business activities”, and it will be possible to close the FOP automatically when the bank account is closed.

The list of types of activities will be revised for FOPs of the I group, and the tax will be paid from the received income, instead of a fixed one. FOPs of II and III groups will be combined into one (II group). In addition, rates will vary from 3% for trade to 17% for some services. And the use of PRO will be mandatory.

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