regarding freelancing and around it. In our country (Ukraine), around 2015, tax legislation was modified, and they made it possible to become a self-employed worker in many areas (there were many restrictions and conditions before). We call it, in a simplified way, "an individual entrepreneur." What happened in the end:
1. Taxes - 3 tax schemes. Differs in annual turnover, and rates. It looks like this: either 3% of turnover at 20% VAT (applied to goods, but almost not applicable to services), or 5% of turnover. Plus flat income tax, now about $100 per quarter (3 months). The annual turnover limit under such a simplified scheme, for example for the IT sector, is approximately $120,000 per year. That's $10,000 a month, of which about $500 comes from taxes.
2. Tax reporting - extremely simplified. Once a month, quarter, half a year and a year, a notification comes from the Tax Inspectorate, in the taxpayer's personal account you automatically generate (if you need to make manual adjustments) reports, sign an EDS and .. EVERYTHING
I work in the IT sector, so I will talk about this area and the results: a huge number of both private specialists and companies hiring private entrepreneurs have appeared, who began to receive completely "white" income and pay taxes. Particularly strongly developed - software development outsourcing, service companies within the framework of IT services. For several years, Ukraine has entered the top 10 leaders in outsourcing development, full-fledged large software companies have appeared, which brought huge funds to Ukraine.
It has become extremely easy to work under contracts with Western companies, and indeed with any companies around the world.