At the end of the year on November 2, the Verkhovna Rada adopted the law on the State Budget of Ukraine for 2022. The indicators to expect for the next year will be as follows:
The minimum wage will be:
monthly salary is: from January 1, 2022 – 6,500.0 UAH,
from October 1, 2022 – 6,700.0 UAH
hourly wage is: from January 1, 2022 – 39.26 UAH,
from October 1, 2022 – 40.46 UAH
UST (Unified Social Tax) charges:
The unified contribution rate in 2022 will be: 22%
Minimum insurance contribution:
from January 1, 2022 – 1,430.0 (6,500.0 × 22%),
from October 1, 2022 – 1,474.0 UAH (6,700.0 × 22%)
Maximum insurance contribution:
From January 1, 2022, the minimum insurance contribution will be 21,450.0 UAH: the maximum UST calculation base is 15 times the minimum wage (6,500.0 × 15 = 97,500.0 UAH), hence the maximum insurance contribution is 21,450.0 UAH
(6,500.0 × 15 × 22%). This is the maximum UST amount paid if the insured person’s income is 97,500 UAH per month or more.
from October 1, 2022, the maximum insurance contribution will be 22,110 UAH (6,700.0 × 15 × 22%)
Subsistence minimum for able-bodied persons from January 1, 2022 – 2,481.0 UAH, from July 1 – 2,600.0 UAH, from December 1 – 2,684.0 UAH
Tax and contribution amounts for individuals based on these indicators for single tax entrepreneurs in 2022 will be:
Individual Entrepreneur Group I
UST – from January 1, 2022 – 1,430.0 UAH
From October 1, 2022 – 1,474.0 UAH
Single tax – 248.10 UAH – not more than 10% of the subsistence minimum for able-bodied persons as of January 1, 2022
Individual Entrepreneur Group II
UST – from January 1, 2022 – 1,430.0 UAH
From October 1, 2022 – 1,474.0 UAH
Single tax – 1,300.0 UAH – 20% of the minimum wage established by Law as of January 1, 2022.
Individual Entrepreneur Group III
UST – from January 1, 2022 – 1,430.0 UAH
From October 1, 2022 – 1,474.0 UAH
Single tax – 5% of income, or 3% of income plus VAT.
Individual Entrepreneurs on General Taxation System
UST – from January 1, 2022 – 1,430.0 UAH
From October 1, 2022 – 1,474.0 UAH
Income of Individual Entrepreneurs on the general taxation system received during the calendar year from business activities is taxed at 18% personal income tax and 1.5% military levy on net income, which is determined as the difference between total taxable income (revenue in monetary and non-monetary form) and documented expenses related to business activities.