Private Entrepreneur for Real Estate Rental: How to Legalize Income and Why It Matters

According to Мінфін: Young and talented designer Maxim from Lviv is also a private entrepreneur. He rents his apartment in Uzhhorod for 15 thousand hryvnias a month. To legalize his additional income, Maxim registered his activity as a private entrepreneur of the second group for providing rental services to other citizens and single tax payers.

Every month, Maxim pays a military tax and a single tax, and once a year he submits a tax declaration through the Electronic Taxpayer Cabinet on the State Tax Service web portal. He also regularly pays other taxes that relate to him as an employed person.

Let Maxim inspire others: pay taxes, as they not only protect but also help everyone in our society!