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Publication date: 07.05.2024
The "White Business Club" in Ukraine is an initiative aimed at supporting and developing individual entrepreneurs, as well as stimulating their participation in the legal business environment.
The main goal of the Club is to increase the awareness of FOP regarding tax legislation, accounting rules, labor legislation and other aspects of business activity. The club will operate while martial law is in effect.
- The draft Law on Amendments to the Tax Code of Ukraine on the peculiarities of tax administration during martial law for taxpayers with a high level of voluntary compliance with tax legislation dated March 13, 2024 No. 11084 was registered in the Verkhovna Rada.
Membership in the White Business Club can give FOP the following advantages:
- Information support: Club members get access to up-to-date information about legislation and the practice of its application, which allows them to avoid violations and support legal activities.
Consulting and training: Membership may include participation in seminars, trainings and other educational activities aimed at improving the professional skills and competence of the FOP in business matters.
Representation and protection of interests: The club can act as a group that protects the interests of its members before authorities and the public, helping to solve problems and conflicts related to business activities.
Networking opportunities: Membership in the Club can provide FPOs with the opportunity to share experiences and ideas with other entrepreneurs, which contributes to the development of their business.
In each specific case, the benefits of membership in the Club may differ depending on the specific programs and services provided by this organization. To find out more, it is recommended that you contact the White Business Club directly or further explore their website or materials. , you can also get tax advice from a qualified lawyer.
What are the advantages of joining the White Business Club for FОP?
- - Absence of scheduled documentary tax audits
- Receiving individual tax advice within 5 working days
- Appointment of a personal tax consultant in the bodies of the State Tax Service
- In the case of a camera inspection, the term of such an inspection cannot exceed 5 working days
The requirements for joining the White Business Club for FOP may vary depending on the specific club and its policies. However, here are some general requirements that may be raised. Consultation of a tax lawyer.
- · FOP status: Usually, white business clubs are intended for individual entrepreneurs (FPOs). Therefore, one of the requirements may be the status of a sole proprietorship.
· Timely submission of reports: Timely submission of reports and payment of taxes.
· Absence of debts: Absence of debts for taxes and VAT exceeding UAH 3,060.00.
· Absence of violations: Absence of tax-notices-decisions based on the results of inspections for the total amount of fines in the amount of UAH 51,000.00.
· Salary level of employees: The salary level of employees should not be lower than 110% of the average salary in the region.
· There is an additional requirement for FOP of tax group 3, which stipulates that a single tax must be paid from a minimum of UAH 5 million. annual turnover.
· Conformity with the club's goals and values: Membership in the White Business Club may require signing a commitment to conform to the club's goals and values, such as upholding the law and supporting legal business activities.
These are just general requirements. If you are interested in joining the White Business Club, it is recommended to get more detailed legal advice on taxes, tax advice for individuals, tax advice for legal entities, get advice on taxes.
