Declarations, taxes, and new receipts: what every entrepreneur needs to do in March.

In March, it is necessary to pay taxes, submit declarations, and start issuing new fiscal receipts. We provide detailed information on what needs to be done by individual entrepreneurs (IEs), who should do it, and when this month.

Single Taxpayer Declaration

IEs of groups I and II must submit the Single Taxpayer Declaration for 2024 by March 3 inclusive. The declaration should be accompanied by an annex on the Unified Social Tax (UST) for 2024.

Tax Payments

By March 20, IEs of groups I, II, and IV must pay the unified tax, military levy, and unified social contribution in advance.

Here are the amounts to remember:

• Group I – 302.8 UAH per month for the unified tax, 800 UAH per month for the military levy, 1760 UAH for UST per month – totaling 2862.8 UAH per month;
• Group II – 1600 UAH for the unified tax, 800 UAH for the military levy, and 1760 UAH for UST per month – totaling 4160 UAH per month.

IEs of Group III

In March, IEs of group III do not need to pay taxes yet, as they do so based on quarterly results. However, the quarter will soon end, and it will be time to calculate how much unified tax (5% of income) and military levy (1% of income) is owed. Earlier, ZAXID.NET reported on which incomes of IEs are not taxed.

Consequences of Non-Payment

Taxes must be paid by the end of the deadline to avoid penalties. The amount must be complete; for example, if instead of 800 UAH for the military levy, only 799 UAH is paid, the tax authority will impose a fine of 50% of the total military levy amount – 400 UAH, warns the 7eminar website.

New Receipts

Starting March 1, new forms of fiscal receipts have come into effect. They include new details. Learn more about the new forms of fiscal receipts in this article from ZAXID.NET.

Remember, if any detail is missing from the receipt, it will be considered as not issuing a receipt, which carries penalties.