The government has proposed removing tax breaks for businesses

It is expected that from July 1, the provisions that allow taxpayers to use the single tax rate of 2% will be removed.

The Cabinet of Ministers has submitted to Parliament a draft law on the details of taxation during martial law. The document proposes to eliminate the tax benefits introduced after the start of the war.

The bill provides for the elimination of the possibility for individuals – entrepreneurs and legal entities to be payers of a single tax of group III from July 1, 2023, using a single tax rate of 2% of income.

It also cancels the possibility for individual entrepreneurs of single taxpayers of groups I and II not to pay a tax; stop conducting documentary reviews; not applying penalties for violations of tax laws; not applying penalties in case of violation of the accuracy of accrual, calculation and payment of a single contribution for compulsory state social insurance; not applying penalties in case of violation of the procedure for using registers of repair operations / software registers of repair operations.

In addition, the bill proposes

• establish that in the event that the taxpayer pays within 30 calendar days from the day following the day of receipt of the notification of the tax decision, the amount of tax liability accrued based on the results of documentary audits is continued or started from July 1, 2023 and completed before the day of termination or cancellation of the military , a state of emergency on the territory of Ukraine, the penalties (financial) penalties (penalties) accrued in the amount of such liability on the tax is cancelled, and no penalty is charged. At the same time, the amount of paid tax liability is not subject to appeal;

• continuation of the ban on the operation of software registrars of settlement transactions in offline mode without a given set of financial numbers;

• change in the definition of the date of attribution to the tax credit of the amount of value added tax on operations for the provision of services by a non-resident in the customs territory of Ukraine;

• settlement of the issue of taxation through the corporate income tax of “transitional” operations for the delivery (provision) of goods (works, services) that began during the period of payment of the single tax and were completed in period of payment of corporate income tax, in order to eliminate the double taxation of such operations of these taxes.

Earlier it was reported that Ukraine wants to cancel the favorable taxation system for businesses, which was introduced at the beginning of the war. However, this will be done gradually.

It can be remembered that the Rada removed the tax incentives for the gambling business.

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