Taxes, bank fees and accounting support

From the start of your contract with us, you should be registered as a private entrepreneur (PE) and you must open UAH and USD accounts with a Ukrainian bank (PrivatBank preferably). You will receive a gross sum to your USD account and are responsible for completing tax payments.

Taxes:

• unified tax for PEs (3rd group) – 5% of revenue wage
• unified social contribution – 22% of the minimum wage established by the state

You become eligible for those taxes after you are registered as a PE. Bank commission for currency exchange and for cash withdrawal will not be compensated by WeAreBrain.

A WeAreBrain representative will provide you with the necessary support and recommendations for PE registration. The WeAreBrain representative will also file your tax reports and provide you with all necessary accounting and tax rolls services while you are in a business relationship with us.

Here is the full list of accounting and pay roll services:

• drawing up and submitting quarter income declarations to the Tax Administration
• drawing up and submitting annual reports on Unified Social Contribution to the income and collection authorities
• calculation of taxes (Unified Tax, Unified Social Contribution). PE pays by himself using a client bank based on the data provided by the WeAreBrain representative
• management of the book accounting income
• consulting on documents, turnover management and PE payment

Documents that are necessary for PE registration:

• Ukraine national citizen passport
• individual taxpayer identification number
• extract from the Unified State Register of legal entities and PEs
• certificate of Unified Tax Payment (3 groups 5%)
• the last declaration of unified social contribution payer
• book accounting income