Chernivtsi: the Entrepreneurs-physical persons on the common system of taxation pay the military tax until 19 February 2016
State tax Inspectorate in Chernivtsi recalls that, in accordance with subparagraph 164.1.3 164.1 paragraph of article 164 of the Tax code of Ukraine the total annual taxable income equal to the sum of total monthly taxable income, foreign income received during such tax year, income received by an individual – the entrepreneur from carrying out economic activities. In accordance with article 177 of this Code the object of taxation of a physical person – the entrepreneur is the net taxable income, i.e. the difference between total taxable income (revenue in cash and in kind) and documented expenses associated with business activities of a natural person – entrepreneur. Consequently, natural persons – entrepreneurs, except which selected the simplified system, the results of the reporting tax year by yourself expect a military tax of 1.5% net taxable income reflected in the annual tax return and pay within the time prescribed for payment of the tax to incomes of physical persons for the relevant period. The first reporting tax period for the calculation of the military tax on the income of natural persons – entrepreneurs who have chosen a common system of taxation is 2015. The deadline for payment of the military tax for individuals – entrepreneurs – until 19 February 2016. As for entrepreneurs who chose a simplified taxation system, since sub-165.1.36 of the Code provides that, in General, the taxable income of individuals not included in the income of a natural person – entrepreneur, which is subject to unified tax according to simplified system of taxation, and therefore this category of persons shall be exempt from calculation and payment of the military tax. This was reported in the Chernivtsi city CouncilÏåðåâåäåíî ñåðâèñîì "ßíäåêñ.Ïåðåâîä÷èê": translate.yandex.ru.
Source: http://uzinform.com.ua/
