KIEV, Dec. 9 – The procedure for the registration of the right to apply the single tax system by individual businessmen remains unchanged despite the adoption of the Tax Code, reads an explanation published by the State Tax Administration of Ukraine (STAU).

According to the Tax Code, from January 1, 2011, and until amendments to the Tax Code with regard to the taxation of small companies are made, presidential decree No. 727/98 of July 3, 1998 on the single tax system and reports by small business are to be in effect.