Zelensky announces military tax reform
State
2% of the turnover, simplified accounting, voluntary unified taxation for sole proprietors of 1-2 groups and the abolition of checks will be introduced.
This was announced by the President of Ukraine Volodymyr Zelensky.
The Cabinet of Ministers has developed and agreed on a package of solutions to support the Ukrainian economy, so that businesses work and people have jobs where security allows it.
"First. We are starting tax reform. Instead of VAT and income tax, we give a rate of 2% of turnover and simplified accounting. For small businesses - and these are the first and second groups of sole proprietorships - we set the voluntary payment of a single tax. That is, if you can - pay. If you can’t, there are no questions,” the President noted.
The second step will be the maximum deregulation of business.
“We are canceling all inspections for all businesses. For everything to work properly. To keep cities alive. So that wherever there is no hostilities, life continues. There is only one condition: you ensure the normal operation of your business within the framework of Ukrainian law,” Volodymyr Zelenskyy said.
He added that these are just two initial steps of the tax reform, more to come.