Individual entrepreneurs need to prepare because as of December 1, 2023, the conditions for the purpose of payment of the single tax will change. Both legal entities and individual entrepreneurs need to learn the new rules.
Legal entities and individual entrepreneurs will see innovations regarding the purpose of payments starting from December 1, 2023. In the “Purpose of Payment” payment receipts, you will need to indicate the tax payment code and the Unified Tax, as well as the name of the tax or Unified Tax and the period for which it was paid. writes about this Focus Based on the order of the Ministry of Finance of Ukraine No. 148 dated March 22, 2023.
In the payment details called “Payment Allocation” in December, you must specify the following:
- tax payment code and unified social tax;
- The name of the tax or combined tax and the period in which it is paid.
As you can see, there will now only be two required fields. However, 1 field is for those who pay to a single account.
To make payments to single individual entrepreneurs of groups 1 and 2, in the field “Associated with payment” you must specify: 101 single tax for November 2023.
The payment of combined social contributions is shown as follows: 101 combined social contributions for the fourth quarter of 2023.
Important
How an individual entrepreneur needs to fill out payment instructions according to the new rules: example
To pay EUR to Groups 1 and 2, specify in the “Payment attributed to” field: 101 single tax for November 2023.
The payment of combined social contributions is similarly stated: 101 combined social contributions for the fourth quarter of 2023.
Penalty for non-compliance
So far, Ukrainian legislation does not provide for penalties in the form of fines for taxpayers who make a mistake when filling out the details of “Purpose of Payment” in the payment order for taxes, duties, budget payments or in the case of a single social payment. security contribution (USC) to off-budget accounts and a single account.
let’s remind this Focus I have previously written about draft law no. 10166, which proposes to introduce a new tax regime of 6% of income for unregistered workers. At the same time, according to Ukrainian expert Roksolana Pidlasa, there is information that this is unlikely to find support among deputies in the parliament.
It was previously known that OP decided to abandon the tax reform, in which the VAT rate, income tax and personal income tax (PIT) should be reduced to 10%.
Source: Focus
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