A new tax system will start working already this week

The Verkhovna Rada adopted a law providing for tax benefits, abolition of excise duties on fuel and reduction of VAT, support of individual entrepreneurs and other changes to simplify doing business.

In particular:
 

• individual entrepreneurs and legal entities with a turnover of up to UAH 10 billion will be able to pay a single turnover tax of 2% according to the rules established for the 3rd group of single tax payers, i.e. with exemption from income tax, VAT and other payments;
• for individual entrepreneurs of the 1st and 2nd groups, payment of the single tax is voluntary;
  for fuel, VAT has been reduced to 7%, and excise duty has been exempted;
• responsibility for late payment of consumer loans is removed. After the war, it is forbidden to foreclose property and evict residents for another month;
• charitable aid provided to participants in hostilities and persons living in the territory of hostilities is not subject to personal income tax.

 
Soon a decision will also be made to ban business inspections.
 

And these are only the first steps in business support. The government is working on further tax changes.

The preferential tax regime will be in effect until the end of martial law. It aims to create a powerful economic rear in Ukraine, which will provide the army and the country with everything necessary.