Ukrainian Tax Service told about size of tax payments for business in 2020

The State Tax Service of Ukraine has announced the size of taxes and mandatory payments for small business in 2020.

Entrepreneurs under first group of the simplified tax system from January 1, 2020 will pay UAH 1,249.26 per month, including a single tax and a single social contribution, the second group – UAH 1,983.66 per month.

The third group will pay 3% of the single tax income and 20% of the value added tax or 5% of the income without paying VAT. The size of single social contribution for this group is UAH 1,039.06 per month.

The Tax Service also noted that under the general taxation system, an entrepreneur will pay UAH 1,039.06 of single social contribution, 18% of income tax and 1.5% of military tax.

Also, the tax service reported that from January 1, the tourist tax will increase to UAH 23,62 per night for domestic tourists and to UAH 236,15 per night for a foreign tourist.

Real estate tax in 2020 will be no more than UAH 70,85 per square meter.