Two Transcarpathian entrepreneurs have already been registered as single tax payers of the new 5th group

Another entity has become a single tax payer of Group 6.
Implemented on August 12 this year amendments to the Tax Code introduced two additional groups of single taxpayers: for individuals – the fifth, and for companies – the sixth. The maximum amount of income per year for these groups is set at 20 million hryvnias. Number of employees for Group 5 may not exceed 20, and for Group 6 – 50. Single tax rate of VAT is 7%, if VAT is included to the single tax the rate is 10% for both groups.
The significant increase of the maximum amount of income to 20 million. allows single tax payer, who exceeded the allowable amount of income for their group to remain in simplified taxation system by going to the 5th or the 6th group.
Thus, in case of exceeding the maximum allowable amount of income single tax payers of the 3rd or the 4th group can apply to move to the 5th or the 6th group no later than on the 20th day of the month following the calendar quarter in which the excess occurred.

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