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Nina Bets Held a Webinar on the Taxation of Income of Employees Employed by the Individual Entrepreneurs

News date: 14 May 2021

On 13 May 2021, Nina Bets, Head of Tax Practice at Ilyashev & Partners Law Firm, held a webinar on Individual Entrepreneurs and Hired Employees. The event was organized by the educational platform for entrepreneurs SME ONLINE Hub, created by the Unlimit Ukraine project of the European Business Association (EBA) and Raiffeisen Bank Aval.

Nina Bets spoke about the specific aspects of the hired employees’ registration and taxation of their income, submission of reports on the personal income tax and the unified social contribution according to the newly established form, and about the forms of labor relations during the period when the enterprise suspends its work.

“A competent approach to the employees’ registration can significantly reduce not only the tax burden on entrepreneurs, but also the risks associated with the accrual of penalties during inspections conducted by the bodies of the State Labor Service of Ukraine”, – said Nina Bets.

The webinar was attended by more than 200 entrepreneurs being the participants of the SME ONLINE Hub project.

SME Hub is an intensive educational program allowing small and medium-sized business owners to acquire the necessary knowledge and practical skills to successfully do their business in Ukraine and abroad from the professional business practitioners of large corporations.