The system of simplified taxation is planned to be abolished

The simplified taxation system is planned to be abolished.

Next year, the government plans to abolish the simplified taxation system. It was introduced in March to help businesses operate in wartime conditions. The system allowed companies with a turnover of up to UAH 10 billion to pay a single tax in the amount of 2% of the turnover.

As the chairman of the tax committee of the Verkhovna Rada, Hetmantsev, said, they want to cancel business benefits by July 2023. In addition, he said that a draft law on the indexation of certain taxes is already being prepared.