The Verkhovna Rada today passed a revolutionary bill in the tax sphere. During martial law for medium and large businesses will be significantly expanded the option of a single tax. This was stated by the Prime Minister in a video address.
As Prime Minister noted, companies with a turnover of up to 10 billion hryvnia would be able to go to a single tax. Instead of VAT and income tax entrepreneurs will pay only 2% of turnover.
"We remove all other restrictions on the number of workers and the type of activity (except for excisable goods and gambling)," - he said.
The bill also contains many other innovations, Shmygal said.
Individual entrepreneurs of groups 1 and 2 will pay a flat tax on a voluntary basis.
Also individual entrepreneurs will not pay ERUs for their mobilized employees. This will be done by the state.
During martial law, FOPs will also not pay ERUs if they do not receive income.
Sanctions for violating the law on ERO will not be applied until the end of martial law.
From February 24, 2022, until the end of the year, land taxpayers in areas where military operations are taking place will be exempt.
No VAT will be paid for goods that were destroyed during the war and transferred for defense purposes.
Excise duty on fuel will also be canceled, and the VAT rate on these items will be reduced from 20% to 7%.
"Within hours of these laws coming into force, the Cabinet will adopt all the necessary bylaws to make the new tax system work as early as this week," Shmygal added.
