When choosing a form of taxation for business in Ukraine, several factors should be taken into account, such as turnover and reporting requirements. Forms of taxation in Ukraine includes a general system that involves the payment of VAT (20%) and profit tax (18%), and is also suitable for companies with a large turnover and the need for regular reporting. The simplified system is suitable for individual entrepreneurs, as it allows paying a fixed tax of 5% of turnover, but with a limit on the maximum annual income of UAH 7,818,900. For more detailed advice, as well as help in accounting and tax matters, we recommend contacting the Trans-Hope company, which can also help with business support in various aspects, including taxation.