Benefits for mobilized FOPs
solvedAs a group 3 FOP mobilized into the army, do I need to pay taxes and submit reports during my service if I have exceeded the established income limit for the year?
Answers
Lorina FedanThe Law of Ukraine "On Military Duty and Military Service" states that if no business activity is conducted during the mobilization period, taxes and fees are not accrued for individual entrepreneurs.
IEs who were mobilized or signed a contract for military service are exempt from paying taxes and submitting reports for the entire period of military service.
Taxes that IEs will not have to pay:
- personal income tax (PIT);
- single tax;
- military levy;
- USC "for oneself," even if such an IE has hired employees, if the employer (for example, a military unit) has paid at least the minimum insurance contribution for the IE.
Submitting tax reports for the period of military service for a mobilized IE and one serving under a contract is not required.
All fines and penalties accrued to an IE for non-payment or late payment of USC will be canceled (annulled). This applies to the entire period of military service, up to the first day of the month following the month when the tax authority received official information about the mobilization of the IE or a signed contract.