As announced on 29 October 2026, taxpayers operating under the simplified (single) tax system in Mykolaiv Oblast contributed over 1.5 billion UAH to local budgets in the first three quarters of 2026. The single tax replaces corporate income tax, VAT, and personal income tax for eligible small businesses (Groups I–III). Revenue grew 11% year-on-year, driven by Group III (3%/5% of turnover) entities in grain trading, logistics, and retail. The tax office highlighted the successful migration of 2,300 entrepreneurs from the general to the simplified regime following the 2025 threshold increase (Law No. 3892-IX).
Key Takeaways
- Regime Migration Incentive: Higher revenue thresholds (up to 7.5M UAH for Group III) encouraged formalization of previously shadow activities.
- Local Fiscal Autonomy: Single tax proceeds stay entirely at the hromada level, funding communal services without central redistribution.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement