Business news from Ukraine

Business news from Ukraine

Zelenskyy signs law on tax increase for individual entrepreneurs and legal entities on single tax system

25 December , 2024  

On Wednesday, President of Ukraine Volodymyr Zelenskyy signed a law on taxation of remuneration for gig contracts of Diia.City residents (draft law No. 9319) with an amendment to bring new tax rules (draft law No. 11416d) into force for individual entrepreneurs and legal entities on a single tax from January 1, 2025, said Danylo Hetmantsev, chairman of the parliamentary committee on taxation and customs policy.

“Draft Law 9319 has been signed. The increase for individual entrepreneurs comes into force on January 1. Everything is as promised,” he wrote in his telegram channel.

His deputy Yaroslav Zheleznyak noted that the law had been awaiting the president’s signature for 17 days.

As reported, on November 28, the President of Ukraine signed Law 4015-IX (Bill No. 11416-d) on amendments to the Tax Code regarding the peculiarities of taxation during martial law. The document envisages an increase in the military tax from 1.5% to 5% starting from October 1 this year, a 50% increase in the bank profit tax in 2024, and an increase in a number of other taxes and fees.

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