President signs amendments to the resource law

As a reminder, on December 4, the Parliament adopted draft law No. 9319 as a whole. It contained an amendment that corrected the tax bill 11416d and the "retroactive date" where taxes are postponed from October 1 to January 1, 2025 for individual entrepreneurs and legal entities of the third group.

Today, the Law was signed by the President of Ukraine.

Other shortcomings of the "resource" Law No. 4015 were also corrected, namely

- a rate of 1.5% will be applied to income based on the results of the annual declaration for 2024 (except for property transactions made in December 2024);

- provision of ECT benefits for individual entrepreneurs in the temporarily occupied territories, individual entrepreneurs of military personnel, individual entrepreneurs on sick leave and vacation by analogy with the single tax;

- abolition of CPT for e-residents;

- the possibility of crediting the ECT paid by individual entrepreneurs against the minimum tax liability and other clarifying provisions.

These changes will be applied from the date of entry into force of the "resource" Law, i.e. from December 1, 2024.

For more information on this topic, please follow the link.

In addition, we would like to remind you that Draft Law No. 9319 "On Amendments to the Tax Code of Ukraine and Certain Other Legislative Acts to Stimulate the Development of the Digital Economy in Ukraine" was developed to improve the taxation of residents of Diia City and their specialists and contains many other provisions.

The document, in particular, provides for

• for residents of Diia City with the status of startups - abolition of the rule on non-application of the preferential personal income tax rate of 5% and the minimum unified social contribution to the income of Diia City specialists if the number of such persons is less than 9. At the same time, there is a safeguard against abuse - if a startup does not meet the criteria by the end of the second year of being a Diia City resident, it will have to pay additional personal income tax and unified social contribution;
• exemption from the ECT for charitable assistance provided by Diia City residents to the Armed Forces of Ukraine;
• abolition of certificates of services rendered for gig-specialists;
• tightening the "anti-criteria" for Diia City residency for the period of martial law and the post-war period;
• elimination of some editorial inaccuracies in the relevant Law of Ukraine "On Stimulating the Development of the Digital Economy in Ukraine".