The State Tax Service has updated its online service for filing income tax and state social insurance reports in Form STI-161.

Users can now submit both initial and revised reports for periods from August 2024, taking into account the new insurance contribution rates. The reduction of tariffs applies to enterprises in the clothing and textile industry with fewer than 49 employees, for which the rate is 12.25%.

It is also worth noting that the following insurance contribution rates are provided for legal entities engaged in the garment and textile industry:

• 12.25% - for organisations with fewer than 49 employees;
  12% - for organisations with 50 or more employees.