Sole proprietors began to close after the signing of the law on increasing taxes.
After the president signed the law on increasing taxes, mass closures of sole proprietors were recorded in Ukraine. Since the law came into force, 22.5 thousand entrepreneurs have ceased their activities.
This is reported by “Opendatabot”.
In particular, on the day the law was signed, November 28, 2,332 sole proprietors were closed. In the first days after the law was adopted, the number of closures reached more than 1,000 per day, which significantly exceeds the usual daily average of 700 closed businesses.
In total, 254,288 sole proprietors have ceased operations since the beginning of 2024. The largest surge in closures was observed in March, when 28,690 sole proprietors closed. Analysts explain this by entrepreneurs’ attempts to avoid unnecessary tax liabilities, simplify accounting reports, and by the end of reporting periods.
In the fall, the number of closed sole proprietors increased due to the adoption of a new tax law. Some entrepreneurs consider the new taxes unfair, while officials emphasize their relatively low rate compared to EU countries.
Experts note that the changes in taxation have had a significant impact on the business environment in Ukraine, and the situation requires further analysis to reduce the negative impact.
Recall that Getmantsev suggested that the law on raising taxes is unlikely to be appealed in the Constitutional Court. It is correct, although it should have been adopted much earlier.