The Verkhovna Rada of Ukraine adopted the Bill "On Application of a Simplified System of Taxation, Registration and Accounting of the Small Business Entities in the Period of overcoming the Financial Recess"

11 February 2010, 17:20

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The Bill (Reg. No.4549) suggests formation of the protection mechanism for the rights of the small business entities that undergo the simplified system of taxation, registration and accounting.

 

The Bill contains the principles on: prohibition on single tax rates increase, defined for 1 January 2009; restriction of the small business entities quantity that undergo the simplified system of taxation, registration and accounting; implementation of the liability on tax payment by the small business entities, paying single tax, to pay other taxes and charges (compulsory payment); altering of the single tax payment mechanism; exemption from insurance charges of the individual persons-market participants that chosen the simplified taxation system (single tax).