OREANDA-NEWS. November 29, 2011. The approved changes to the Tax Code which will come into force on 1 January 2012, will provide an opportunity to continue working successfully for entrepreneurs operating on a fixed tax.

The vast majority of self-employed persons will be able to use "simplified tax system", who sell in the markets, providing household services to the population and have incomes up to 150 ths.UAH and do not using hired workers.

The tax rate for them has not changed and would constitute from 1% to 10 % of the minimum wage - that is 10-100 UAH. Such taxpayers may carry out activities without the use of Registrars of Payment Transactions, are exempt from paying tax for 1 month (vacation) and the period of illness.

Recall, the STS has extended the moratorium acting for today on actual inspection of small businesses in connection with the necessity to adapt of businessmen to innovations in the legislation on simplified tax system.