Local budgets of Odessa region during January – May 2020received more than 1 billion UAH of the single tax from entrepreneurs and legal entities working on a simplified taxation system. This is 99.8 million UAH more than during the corresponding period in 2019.
The biggest contribution to community budgets was provided by individuals – entrepreneurs who paid 716.4 million UAH, which is 79.2 million UAH more than during the same period in 2019.
In turn, legal entities – single tax payers of Group III paid 170.2 million UAH to the local budgets of Odessa region, which is 10.8 million UAH more than during January – May 2019.
Agricultural producers – single tax payers of Group IV paid 114.1 million UAH of the single tax. This is 4.2 million UAH more than during the same period in 2019.
It should be reminded that payers of Group I and II pay the single tax by making an advance payment not later than the 20th day of current month. Payers of the single tax of Group III pay the tax within 10 calendar days after the deadline for submitting declaration for the tax reporting quarter.
At the same time, the single tax payers of Group I and II who do not use the work of hired employees, once a year, during the holiday for one calendar month are exempted from paying the single tax. Also they’re exempted from single tax in case of illness if it lasts 30 or more calendar days.
To use the right for vacation leave, payers must submit to the STS’s territorial body an application in any form with information about the period of planned vacation leave or the period of incapacity for work with the mandatory addition of a certificate’s copy of incapacity for work. It is recommended to apply for the period of annual vacation leave before its actual beginning. Application on the disability term should be submitted immediately after the end of sick leave.
In addition please note that from April 2, 2020 the limits for staying on the simplified taxation system have been increased:
- from 300.000 to 1 million UAH for Group I;
- from 1.5 million to 5 million UAH for Group II;
- from 5 million to 7 million UAH for Group II.