of February 29, 2012 No. 31-08160-10-21/5129
The MFP on accomplishment of the order KMU of 31.01.2012 No. 2688/1/1-12 considered the letter of the Zaporizhia city council of 16.01.2012 No. 1125/0081 concerning application of separate provisions of the Tax code of Ukraine (further - the Code) and reports.
For today for physical persons there are two methods of the taxation of income gained from implementation of business activity, each of which is regulated corresponding legislative and regulatory legal acts and has certain restrictions and benefits, and also different procedure for the taxation of such income, accounting of the income and expenses and procedure for provision of the reporting.
Each physical person - the entrepreneur independently voluntarily can choose that from possible methods of the taxation most of which of all answers features and conditions of implementation of its business activity.
Since January 1, 2012 the simplified taxation system of accounting and the reporting for physical persons - entrepreneurs is regulated by Chapter 1 of the Section XIV of the Code.
According to item 291.4 of Art. 291 of the Code physical persons - entrepreneurs who answer the following criteria belong to the first group of payers of the single tax: do not use work of employees, perform exclusively retail sale of goods from trade places in the markets and/or carry out economic activity on provision of household services to the population, at the same time the amount of the income of which within calendar year does not exceed 150 thousand hryvnias.
Subitem 296.1.1 of item 296.1 of Art. 296 of the Code provides that payers of the single tax of the first and second groups and payers of the single tax of the third group who are not payers of the VAT keep the book of accounting of the income by daily, following the results of the working day, reflection of the gained income.
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