Income limits

The Tax Code of Ukraine establishes that income limits for single tax payers of Groups I–III are calculated taking into account the minimum wage as of 01 January of the tax (accounting) year.

In 2024, income limits for individual entrepreneurs are:

– Up to UAH 1,185,700 for Group I;

– Up to UAH 5,921,400 for Group II;

– Up to UAH 8,285,700 for Group III.

Single tax rates

According to article 293, paragraph 293.1 of the Tax Code of Ukraine, single tax rates for Group I taxpayers are set as percentage of the subsistence minimum as of 01 January of the tax (accounting) year, and single tax rates for Group II taxpayers are set as percentage of the minimum wage as of 01 January of the tax (accounting) year.

In 2024, single tax rates for individual entrepreneurs are:

1) UAH 303 (up to 10% of the subsistence minimum) per calendar month for Group I;

2) UAH 1,420 (up to 20% of the minimum wage) per calendar month for Group II.

According to article 293, paragraph 293.3 of the Tax Code of Ukraine, single tax rates for Group III taxpayers are as follows:

1) 5% of income;

2) 3% of income with separate VAT.

According to article 293, paragraph 293.4 of the Tax Code of Ukraine, single tax of 15% is levied on the following incomes:

1) Amount in excess of the above income limits;

2) Income received from activities not listed in the registers of Groups I–II taxpayers;

3) Income resulted from a calculation method other than that specified in section XIV, subsection 1 of the Tax Code of Ukraine;

4) Income received from activities that don’t allow for application of the simplified tax system;

5) Income received by Groups I–II taxpayers from activities not listed in article 291, paragraph 291.4, sub-paragraphs 1 or 2 (respectively) of the Tax Code of Ukraine.

Source: telegra.ph