On 12 May 2022, the State Tax Service (STS) of Ukraine published new Q&As on the Peculiarities of the Simplified Taxation System, including consideration of the amendments introduced by Law No. 2173-IX of 1 April 2022. The new Q&As clarify and revise previously published Q&As on the temporary measures that expanded access to the simplified tax system for Group III at a single tax rate of 2% during the period of martial law. Among other things, this includes clarification that individual entrepreneurs and legal entities are allowed to benefit from the single tax rate of 2% during the period of martial law regardless of their amount of income (an increased income threshold of UAH 10 billion was previously provided).
Source Orbitax
Latest Posts in "Ukraine"
- Ukraine to Impose VAT on Parcels Up to €150 from July 2027
- Ukraine: Medical Equipment VAT — When 7% Applies and When 20%
- Ukraine: VAT Credit Can Be Claimed Within 365 Days After Invoice Registration
- Ukraine: VAT Consequences for Commission Goods Destroyed at Warehouse
- Ukraine: VAT Registration Cancellation and Invoice Deadlines Explained
