The State Tax Service (STS) of Ukraine has issued a release announcing the signing of Law No. 2173-IX of 1 April 2022, which entered into force on 16 April 2022 and contains various amendments to the Ukraine Tax Code and other legislative acts in relation to the administration of taxes during the period of martial law. One of the main measures concerns the temporary application of the simplified tax system, including that taxpayers are allowed to benefit from the simplified tax system for Group III at a single tax rate of 2%, regardless of the amount of income. The application of the simplified tax system for Group III was previously expanded during the period of martial law but with an annual income cap of UAH 10 billion.
Source Orbitax
