During January – March 2020, the taxpayers of Trans Carpathian region who chose the simplified taxation system, accounting and reporting system transferred 209.1 million UAH of single tax to local budgets – which is 17.5 million UAH more revenues in 2019. This was reported by the Main Directorate of the STS in Ivano-Frankivsk region.
Namely, individuals-entrepreneurs transferred 168.4 million UAH to the budgets; business entities – legal entities transferred 30.6 million UAH and agricultural producers of Group IV – 10.1 million UAH.
It should be reminded that the single tax payers of Group I and II who do not use the work of hired individuals are exempt from the single tax payment. Such exemption may be made within one calendar month per year for the period of vacation and sick leave confirmed by a copy of disability letter if it lasts for 30 or more calendar days. However, if an entrepreneur receives income during the vacation leave, he or she will have to pay the single tax because receiving the funds is a proof of business activity.
Please note that according to the Law of Ukraine as of 30.03.2020 № 540 “On amendments to certain legislative acts aimed at providing additional social and economic guarantees due to the spread of the coronavirus disease (COVID-2019)” which came into force on 02.04.2020 prescribes increased income limits received during the year by single tax payers of Group I – III. Specifically, individuals-entrepreneurs of Group I the maximum amount of annual income was increased from 300 thousand to 1 million UAH; income limit for Group II was increased from 1.5 million to 5 million UAH; income limit for Group III – from 5 million to 7 million UAH.
