#foreign companies

Do I need to pay taxes on business income?

I received a government-guaranteed loan to develop my business. Do I need to pay taxes on the income received from this loan? How will this affect my taxation?

Questions about VAT registration

I have switched from the simplified taxation system to the general one. Do I have to register as a VAT payer if the total volume of my transactions for the supply of goods or services over the last 12 months exceeded UAH 1 million excluding VAT? And if so, when exactly do I need to submit a registration application to the tax authority?

Is it VAT?

Do I need to pay tax on the discount?

If I received a product at a discount from a company, do I need to pay income tax if the discount was individual and amounted to a certain amount of money?

VAT questions

If I independently discovered an error in my VAT return and submitted a clarification calculation before the deadline, do I have to pay a penalty of 3% of the amount of the self-assessed tax liability?