From January 1, the maximum amount of income of sole proprietors who are on the simplified taxation system is determined in minimum wages.
That is, the maximum amount of income will no longer be fixed, but will depend on the amount of the minimum wage.
From January 2021, the minimum wage is UAH 6,000. It is from this amount that the maximum income will be calculated FOP-units of I, II and III groups, as the law provides for the minimum wage set for January 1 of this year.
Thus, from now on the income of sole proprietors who have chosen a simplified system of taxation may not exceed:
Group I - 167 minimum wages;
ІІ group - 834 sizes of the minimum wage;
Group III - 1167 minimum wages.
If translated into hryvnia, we will have the following amounts: UAH 1,002,000 - for group I, UAH 5,004,000 - for group II, UAH 7,002,000 - for group III.
Since previously these amounts were 1 million, 5 million and 7 million, respectively, we see that this year the maximum amount of income will not change much. And then time will tell.
