Natural persons-entrepreneurs in the simplified taxation system must comply with the maximum limit regarding their incomes. After all, if exceeded, they will have to switch to the general taxation system. The specified indicator is tied to the size of the minimum salary. So, in 2023, the limits for FOPs will be as follows:
– annual income for payers of the 1st group- UAH 1,118,900;
– annual income for payers of the II group- UAH 5,587,800;
– annual income for payers of the III group – UAH 7,818,900.