In Chernivtsi millions of income earned 204 entrepreneurs have been simplified into group III,

According to the tax reporting for 9 months of 2016, the volume of income received from business activities in more than one million hryvnias declared that 204 entrepreneurs – the individual who work for the group III. Compared to last year's figures, the number of entrepreneurs with millions of revenue increased by 120 businessmen, or more than twice. Millionaires who chose the simplified system of taxation, declared for the first three quarters of this year 419,4 million UAH. income, more than double last year's figures. In General, 2782 single tax payers – individuals who chose the group III simplified taxation declared 984,8 million UAH. income that 479,5 million UAH. or nearly fifty percent more than last year. Please note that the single tax payers who belong to the third group, include individuals – entrepreneurs who do not use work of hired persons or number of persons consisting with them in labour relations, is not limited and in which during the calendar year, the amount of income does not exceed 5 000 000 UAH. (clause 3 clause 291.4 of article 291 of the tax code of Ukraine). This was reported in the Chernivtsi city Council

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Source: http://uzinform.com.ua/

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