What taxes should an individual entrepreneur pay?

From 01.01.2023, the amounts of the single social contribution and the single tax rates, 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 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 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.

FOP groups 1-2 pay the EP monthly, with an advance payment no later than the 20th day (inclusive) of the current month. FOPs of the 3rd group pay the EP quarterly, within 10 calendar days after the deadline for submitting the tax declaration for the tax (reporting) quarter.

For all entrepreneurs, there is a single quarterly deadline for paying EUV - until the 20th of the month following the quarter.