Extending the simplified tax system can cover more than 22 thousand enterprises, the chairman of the State Tax Service of Ukraine Oleksandr Klymenko said during the visiting session of the Tax Service, ForUm correspondent reports.

According to the official, this is stipulated by the law on amendments to the Tax Code.

"The adopted law introduces new, the fourth and the fifth, groups of STS taxpayers. The fifth group may include 2100 individual entrepreneurs with the staff up to 20 people and the fourth - more than 20 thousand legal entities the staff up to 50 people. In both cases, a company should have its annual revenue up to 20 million UAH," he said.

Klymenko said that for the two new groups of the STS taxpayers the single tax rate makes up 7% of revenue if paying the VAT or 10% of revenue if including the VAT into a single tax.

"The new groups were introduced for simple, clear and comfortable doing business. These are our real possibilities and at the same time ambitious goals in terms of medium-sized businesses development in the country," the taxman summed up.

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