Zelensky signs law on increased taxes for entrepreneurs starting January 1
Source: Rada.gov.ua
On Wednesday, Ukraine’s president Volodymyr Zelensky has signed Law No. 9319, which delays a new military tax hike for small businesses and single-tax payers to January 1, 2025. The updated law also introduces changes to the tax regime for Diia.City residents.
Under the new law, Diia.City conditions will become more accessible for small startups as it removed the earlier requirement to employ at least nine specialists to qualify for reduced personal income tax (PIT) rates of 5% and minimum single social contributions (SSC).
However, safeguards are in place to prevent abuse: startups that fail to meet the criteria by the end of their second year as a Diia.City resident will be required to pay the full PIT and SSC retrospectively.
The law also strengthens restrictions on companies with “Russian ties.” Entities with Russian residents in their structure will be not eligible for Diia.City residency, regardless of their place of residence or location.
The law came into effect on December 1, 2024, aiming to ensure the war-torn country can have more revenues during martial law.
In just 1.5 months, Ukrainian specialists have created an innovative protective shell for the control modules of anti-aircraft missile systems (AMS) Patriot and Iris-T SLM. This development was another step in strengthening Ukraine’s defense capabilities, aimed at protecting key elements of the air defense system from debris damage.
Military serviceman of the International Legion for the Defense of Ukraine with the call sign “Paradox” is the crew commander of the American M113 armored personnel carrier. He is a master at using it and is constantly improving, because the legionnaire’s skills are tested every day in battle. You have to drive to the front lines, often under artillery fire and drone attacks.
Notorious supporter of the concept “in order for a cow to eat less and give more milk, it needs to be fed less and milked more” “Servant of the People” Danylo Hetmantsev, under the guise of “business requirements”, registered a draft law on the collection of VAT on all foreign purchases, regardless of their value. In other words, every Ukrainian, buying goods of any value and purpose abroad, when sending them to Ukraine, will have to pay an additional fifth part, or 20% of the cost of the goods.
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