The law contains rules that increase the annual income limits, within which you may pay a single tax, unless they are exceeded: up to UAH 1 million, for the first group; up to UAH 5 million, for the second group; up to UAH 7 million, for the third group of single tax payers. However, it was another law that has increased such limits starting from 2 April 2020.
Starting from 1 July 2020, single tax payers must pay the land tax if land plots and/or real property located on such land plots are/is let on lease.
If the tax debt does not exceed UAH 1020, a person may not be deprived of his or her status of a single tax payer.
Individual entrepreneurs who are single tax payers withhold a 15% tax on income paid to non-residents.
Individual entrepreneurs who enjoy the general taxation system will be able to amortise trucks and recognise as expenses payments for non-residential real property, transport tax, etc.