The State Tax Service explained for individuals – single tax payers of the first and third groups – how tax amounts and permitted amounts of income will change from 2024, as well as who will be affected by planned audits of taxpayers. AIN.UA writes about this.
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What will change
Starting next year in Ukraine, the amount of the minimum wage will change: from January 1 it will be 7,100 UAH, and from April 1 – 8,000 UAH.
What will change? p>
In particular, the size of the single social contribution (USC) is tied to it. Therefore, from January 1 of the next year, the minimum amount of unified social contribution for contributions by entrepreneurs will increase to 1,562 UAH per month (4,686 UAH per quarter), and from April – 1,760 UAH per month (5,280 UAH per quarter). At the same time, payment of the Unified Tax for private entrepreneurs remains voluntary until the end of the martial law.
The amounts of the single tax (UT) for private entrepreneurs of the first and second groups are also changing. Unlike the Unified Social Security, the size of the Unified Social Security is set for the entire year based on the amount of the minimum wage as of January 1.
So, throughout 2024, the maximum monthly single tax for individual entrepreneurs of the first group is 302.80 UAH/month, for payers of the second group – 1420 UAH/month. The single tax rate for payers of the third group does not change: 5% for VAT non-payers, 3% for VAT payers.
We would like to remind you that on August 1, 2023, the preferential 2% single tax for individual entrepreneurs was abolished. Therefore, all single tax payers of the third group were automatically transferred to the system on which they were before the transition to the special tax.
Limits for private entrepreneurs are also attached to the minimum wage. In 2024, the amount of income should not exceed the following amounts for:
- the first group of single tax payers – 1,185,700 UAH (previously 1,118,900 UAH); the second group of single tax payers – 5,921,400 UAH (previously 5,587,800 UAH); third group of single tax payers – 8,285,700 UAH (previously 7,818,900 UAH).
The State Tax Service also published a schedule for conducting routine documentary audits of taxpayers for 2024.
