What taxes should an FLP pay?

The Law of Ukraine "On the State Budget of Ukraine for 2023" entered into force on January 1, 2023. Accordingly, the amounts of the single social contribution and the rates of the single tax, which will be paid by the FOP from January 1, 2023, will be:

FOP of the 1st group - EUV will be UAH 1,474.0. per month (22% of the minimum wage), the single tax is UAH 268.40. per month (no more than 10% of the subsistence minimum for able-bodied persons as of January 1, 2023);

FOP of the II group - EUV will be 1474.0 hryvnias. per month (22% of the minimum wage), the single tax is UAH 1,340.0. per month (20% of the minimum wage as of January 1, 2023);

FOP of the III group - EUV will be 1474.0 hryvnias. per month (22% of the minimum wage), and the only tax is an interest rate of 5% of income, or 3% of income in case of payment of VAT.

During the period of martial law, a preferential rate of 2% applies to taxpayers of Group III of the EP (VAT non-payers).

Since the minimum wage has been set unchanged for the year, the following will apply throughout 2023: the minimum monthly wage is UAH 1,474, the maximum monthly wage is UAH 22,110.

Maximum amounts of income during the calendar year for sole proprietorships - single tax payers must not exceed:

1. Group I - UAH 1,118,900. (167 minimum wages),

2. II group - UAH 5,587,800. (834 minimum wages),

3. III group (3% and 5%) - UAH 7,818,900. (1,167 minimum wages).