The President of Ukraine, Volodymyr Zelenskyi, signed Law No. 9319, which amends the norm on increasing taxes for natural persons – entrepreneurs. According to the document, the new rates will come into effect not from October 1, 2024, but from January 1, 2025. About this it is said in the card of the bill.
The document also makes changes to the taxation of gig contracts for Diya.City residents. In particular, for start-ups, the rule that prohibited the application of the 5% preferential personal income tax rate and the minimum VAT if the number of specialists at the Diya.City resident is less than nine people has been abolished.
The draft law changes the date of introduction of new taxes for sole proprietorships and single tax legal entities from October 1, 2024 to January 1, 2025. In addition, the document provides for a reduction in the rent rate for kaolin mining.
Another important change is the exemption of entrepreneurs from fines for not submitting reports on controlled foreign companies (CFCs) until the end of martial law. At the same time, these amendments do not apply to banking institutions.
We will remind, Danylo Hetmantsev earlier outlined the main changes to eliminate the shortcomings of the “resource” law, in particular:
- abolition of retrospective taxation (from October 1);
- the introduction of a military levy for taxpayers of a single tax from January 1, 2025;
- application of a rate of 1.5% for income based on the results of the annual declaration for 2024, with the exception of property transactions carried out in December 2024;
- introduction of exemptions from the military levy for FOP in temporarily occupied territories, military personnel, as well as those who are on sick leave or on vacation, by analogy with a single tax;
- abolition of military duty for e-residents;
- the possibility of taking into account the military duty paid by FOPs against the minimum tax liability, as well as other clarifications.
