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Individual entrepreneurs (PEs) are an important component of the segment of entrepreneurial activity capable of stimulating economic development and innovation. However, understanding the tax requirements for third party FPOs is key to ensuring their success and financial stability.

During the change of seasons and the arrival of the spring period, the period for submitting income declarations begins in many countries. Ukraine is no exception, and by May 1, all citizens with income must submit their declaration. But how does this apply to investors and why is it important to them?

For Individual Entrepreneurs (PPOs) in Ukraine, keeping an income accounting book is mandatory. This book is an important tool for financial management and reporting to government agencies. The process of filling out the income accounting book has its own rules and features.

Ukraine is a country with a complex taxation system, where taxes are collected from various sources, including individuals. Often the counter-conception is that taxes are primarily paid by individual entrepreneurs (PEs), but in reality ordinary citizens are also significant taxpayers.