Through January this year individual entrepreneurs residing in Kyiv, who chose the simplified tax system method, deducted 118.157 million hryvnias, exceeding the scheduled figures by 20%. The budget was replenished with extra 20.157 million hryvnias in taxes, the press-office of the National Fiscal Service in Kyiv city reports.
Moreover, according to Law of Ukraine dd. December 28, 2014, No.71-VІІІ, On Changes to the Tax Code of Ukraine and Some Enactments (concerning the tax reform), a number of taxpayer groups were reduced from 6 to 4. So, the 1st group is comprised of entrepreneurs mainly engaged in retail trade at points of sale, in the market, or those providing consumer services. The said taxpayers obtain some 300 thousand hryvnias a year, and have no hired employees.
The second group – entrepreneurs involved in provision of services, including consumer services, to the single taxpayers or population, those producing or selling goods, engaged in catering business. Their income can reach 1.5 million hryvnias, and a number of hired employees – up to 10 persons.
The third group incorporates individual entrepreneurs and legal persons with income of up to 20 million hryvnias, with the unlimited number of hired employees.
The fourth group is comprised of farmers, with the share of agricultural products in the previous year equalling or exceeding 75 percent. A number of hired employees and funds are not restricted.
