Cancellation of the Single 2% Tax in Ukraine

by Olha Povaliaieva
Sunday, July 2, 2023
1 MIN
Cancellation of the Single 2% Tax in Ukraine

Also, partially lifted the moratorium on inspections of excisable goods in de-occupied territories 

People's deputy of Ukraine, Yaroslav Zheleznyak, announced that on June 30, the parliament of Ukraine adopted a comprehensive tax bill, which is the basis for future agreements with the International Monetary Fund.

The main thing is that on August 1, a single tax of 2% was cancelled in Ukraine. Instead of it:

  • The payer of the 2% tax has the right to indicate which taxation system he wants to switch to. If the taxpayer does not officially submit such an application, he will be automatically transferred to his previous system;
  • New taxpayers are automatically registered as participants of group III (5%);
  • The rights and obligations of suspended VAT payers are restored automatically;
  • Payers who have switched from 2% TG to the general taxation system have the right to return to the simplified tax.

As part of the bill, the moratorium on state inspections of excisable services and goods is selectively lifted: alcohol, tobacco, fuel, gambling, and the financial sector.

Further: from October 1, the state resumes financial responsibility for violations in the technology of using registrars of settlement transactions in a business in the front-line and occupied territories.

You will be interested