II group simplified taxation system tax payers will be reporting once a year

Starting from 2013, entrepreneurs, who operate under the simplified taxation system and have chosen group II, will be reporting annually, and not quarterly. This, with reference to the Ministry of Income and Charges, was reported by the Ukrinform.

This provision is envisaged by the Law of Ukraine, which makes amendments to the Tax Code.

However, the publication reminds taxpayers: the report for Q4 2012 must be submitted no later than February 11 – within 40 calendar days after the last day of the reporting period.