Raiffeisen Bank launches a tax calendar for FOPs in MyRaif

Raiffeisen Bank has added a “Pay Taxes” section to the business profile in its MyRaif mobile app. It helps sole proprietors (FOPs) on the simplified tax system keep track of payment deadlines and calculates the amounts due automatically.

The feature is available to all FOP clients. The section shows the unified social contribution, the single tax, and the military levy, along with deadlines and a countdown of days until payment is due. For FOPs in groups 1, 2 and 3, amounts are calculated automatically based on hryvnia receipts into their Raif accounts.

Taxes can be paid directly in the app. Payment details - the payment code, tax type, payment purpose and amount - are filled in automatically. The entrepreneur only needs to enter the recipient’s IBAN and confirm the payment. The app also pulls in the FOP’s data: their tax system, group, annual income limit and tax rate.

Raiffeisen notes that the calculation is indicative only and does not constitute tax advice. It accounts solely for hryvnia receipts into Raif accounts -  if a FOP holds accounts at other banks, receives income in foreign currency, or has paid taxes outside of MyRaif, the final amount may differ. The bank advises checking the amount against your tax return before paying; it can be adjusted if needed.