From January 1, 2025, FOPs will pay increased taxes — Money

New tax rates and reporting will be effective from the new year.

The President of Ukraine, Volodymyr Zelenskyi, signed a law postponing the increase in taxes for individual entrepreneurs until January 1, 2025.

How many taxes entrepreneurs will have to pay in the new year – read in the TSN.ua article.

“Historical changes” for FOPs

Zelenskyi signed the law on the historic tax increase on November 28, and it entered into force the next day. The main changes concerned the rate of military service, income tax for banks and the introduction of monthly reporting.

On Wednesday, December 25, Zelenskyi signed a law regulating tax payment norms after their historic increase. It postpones the introduction of new tax changes for sole proprietorships until January 1, 2025, instead of the previously planned October 1, 2024…