Taxes for individual entrepreneurs: what is known in September 2024?

We have the Draft Law of Ukraine, “On Amendments to the Tax Code of Ukraine on Peculiarities of Taxation during the Period of Martial Law,” No. 11416-d, dated August 30, 2024. This draft law will introduce a military tax for individual entrepreneurs if adopted.

The Government plans to set the following rates for this tax: military tax for the 1st and 2nd groups of single-tax individual entrepreneurs—10% of the minimum wage. As of 2024, the minimum wage is UAH 8,000.

— For Groups 1 and 2 of the single tax, the military tax will be UAH 800 per month.
— For the 3rd group of sole proprietors—1% of the income received.

The military tax payment terms are planned as follows:
— For groups 1 and 2, the military tax must be paid by the 20th of each month.
— For the third group, sole proprietorships must pay no later than 10 calendar days after the end of the reporting quarter.

For how long is the military tax planned to be introduced?

The Draft Law states that the payment period should be from October 1, 2024, to December 31, the year martial law is lifted or terminated.

What changes should we expect regarding the single tax?

We can reassure you that this type of tax for individual entrepreneurs remains unchanged.

The rates will stay the same until the end of 2024. Let’s recap them:
1—302.80 UAH/month
2—1420 UAH/month
3—5% of income and 3% for VAT payers

What changes should we expect regarding the single tax?

We can reassure you that this type of tax for individual entrepreneurs remains unchanged.

The rates will stay the same until the end of 2024. Let’s recap them:

1—302.80 UAH/month
2—1420 UAH/month
3—5% of income and 3% for VAT payers

Here’s a little lifehack: if you are an entrepreneur in Group 1 or 2 and do not receive income but do not want to close your entrepreneurship, switching to Group 3 or the general system is better. If you do this, you will not have to pay a single tax or a military tax.