On January 20, the deadline for payment of the military tax by sole proprietors of groups 1, 2 and 4 for the current month expires

Individual entrepreneurs who are subject to the single tax of the first, second and fourth groups must pay the military levy for January no later than January 20, 2025. This term is the deadline for fulfilling the obligation regarding the advance payment.

As informs The State Tax Service of Ukraine, private enterprises can pay the military levy in advance not only for one month, but also for the entire tax period (quarter or year), but only until the end of the current reporting year. The amount of advance payments is calculated by the controlling bodies, which take into account the norms established by the law.

The size of the military levy for taxpayers of the first, second and fourth groups of the single tax is defined as 10% of the minimum wage established on January 1 of the tax year, calculated per calendar month.

The tax service urges entrepreneurs to fulfill their obligations on time to avoid fines and other financial sanctions.