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Publication date: 13.05.2024
A natural person-entrepreneur (FOP) of the first tax group in Ukraine can engage in economic activities, including:
- 1. Retail sale of goods from trading places in the markets. A FOP that carries out retail sales of goods in a store located on the territory of the market cannot be a payer of the EP of the first group.
2. Provision of household services to residents. The types of services listed in paragraphs 291.7 PKU, in particular, repair of clothes and shoes, manufacture of goods to order, repair of furniture, electronics and other products, rental of things, work as a photographer, laundry and smoking services, etc.
Legal advice on tax consultation are examples of business activities that can be carried out by a sole proprietorship of the first group of taxation in Ukraine. This list is exhaustive.
Income limit for FOP of the first group.
- The income limit for the calendar year for the FOP of the first group of the EP is 167 amounts of the minimum salary established by law on January 1 of the tax (reporting) year (clause 1 of clause 291.4 of the PKU). In 2024 - 1,185,700.00 hryvnias.
The main taxes paid by the FOP of the first group are:
- 1. The single tax, which amounts to UAH 302.80. and the moon
2. EUV, which is UAH 1,760.00. month.
EUV is currently paid voluntarily, if you do not pay it, then you will no longer be forced to pay it. Here, the main thing is to submit the report correctly and not to charge yourself this tax.
- For FOP 1 tax group, the single tax rate is set at no more than 10% of the subsistence minimum for able-bodied persons, established by law on January 1 of the tax (reporting) year.
The single tax includes - income is money received in monetary form (cash and/or non-cash) for sold goods (works, services), as well as goods (works, services) received free of charge. At the same time, income does not include passive income received by such an individual in the form of interest, dividends, royalties, insurance payments and compensation, income in the form of budget grants, as well as income received from the sale of movable and immovable property owned by an individual and is used in its economic activity.
Accounting for goods and income of the FOP of taxation group 1.
- FPOs of the first group of taxation keep records in an arbitrary form by means of monthly display of received incomes (clause 296.1 of the Code of Civil Procedure). Income accounting can be done in paper and/or electronic form, including through an electronic cabinet.
Advantages of FOP 1 tax group.
- The FOP of taxation group 1 can work without using cash or software PPOs, while receiving cash from customers and using the terminal for settlement with customers.
Employees of the FOP of the 1st taxation group.
- FOP of tax group 1 cannot have employees, this is a condition of staying in this group.
Online tax consultation - before hiring employees, it is recommended to consult with a specialist in labor and tax law to understand all the legal aspects and requirements related to this activity.
Terms of payment of the single tax of the FOP of tax group 1.
- The sole proprietorship of taxation group 1 pays the single tax in advance monthly no later than the 20th day (inclusive) of the current month. That is, until February 20 for February, until March 20 for March, etc. Even if you do not receive income, you will still have to pay the EP, because the PKU does not provide concessions.
However, it is also possible to pay the single tax in advance for the entire tax (reporting) period (quarter, year), but not more than until the end of the current reporting year. Then they will be credited against future payments from the single tax upon the application of the FOP.
They pay a single tax at the place of tax address to the relevant budget accounts.
Terms of payment of the EUS FOP 1 tax group.
- They calculate EUV on a monthly basis, which is subsequently reflected in the reporting in the amount of each month of the calendar year. However, it is necessary to pay the ESS calculated for the calendar quarter by the 20th of the month following the quarter for which the ESS is paid.
Legal advice on taxes - before paying any taxes, FPOs should familiarize themselves with the current tax legislation and obtain taxes consultation to resolve all issues related to their specific situation.
