Published 6 November 2019. Some rules have changed since; ask us for the current position.
Draft Law No. 2338 sets new income limits for individual entrepreneurs (FOP, фізичні особи-підприємці) in single tax groups 1, 2 and 3: UAH 1 million for group 1, UAH 5 million for group 2 and UAH 10 million for group 3. All of this is expected to take effect from the beginning of 2020.
Single tax rates for group 1 payers
The proposed rate is 0% for household services and 10% for all other activities.
As a result:
- more entrepreneurs will be on the simplified system;
- individual entrepreneurs will operate more openly;
- honest entrepreneurs will get support, and the rest will have to come out of the shadows once cash registers (РРО) become mandatory.
Under these conditions, small individual entrepreneurs will find it much easier to grow and find their feet. Roksolana Pidlasa, a member of the Verkhovna Rada of Ukraine, called this step "a new philosophy of entrepreneurship".
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