After 1 January 2013, a tax (reporting) period for entrepreneurs working under the second group of simplified taxation system is a calendar year
Now, same as taxpayers within the first group, they are to report once a year, according to the press service of the Ministry of Revenue and Duties.
The new rule is set forth by amendments to the Tax Code effective from this year. It also provides for reduced rates for single taxpayers of the fifth group from 7% and 10% to 5% and 7%, respectively.
For simplified taxation system taxpayers of third to fifth groups, Mindohodiv (MRD) is reminding, the reporting period remains a calendar quarter.
