Agricultural producers of Mykolayiv region who use the simplified taxation system of Group IV transferred 115.7 million UAH of the single tax to regional local budgets, which is 10.9 million UAH more than during the corresponding period in 2019.
It should be noted that in 2020 the simplified taxation system of Group IV is used by 2922 taxpayers – agricultural producers, in which share of agricultural products for the year is equal to or exceeds 75%. Amount of tax rates per hectare of agricultural land depends on the category (type) of land, their location and is calculated as a percentage of the tax base.
Single tax payers of Group IV independently calculate amount of tax annually as of January 1and not later than February 20 of the current year and submit tax declaration for the current year in form prescribed by the Tax Code to the relevant controlling authority at taxpayer’s location and land’s location.
Reminder! According to the Tax Code of Ukraine, an agricultural producer is a legal entity, regardless of organizational and legal form, involved in production of agricultural products and their processing at its own or leased capacity, including raw materials of its own production on toll terms and carries out its supply operations.