Rada postpones introduction of cash registers for entrepreneurs

The Verkhovna Rada, Ukraine's parliament, has passed Bill No. 4439-d postponing until January 1, 2022, the obligation for entrepreneurs working within the simplified taxation system to use cash registers.

The bill was backed by 319 MPs on December 1 with the required minimum of 226 votes, an UNIAN correspondent reported.

Read alsoUkrainian businesses facing more difficulties in 2020 – pollThe document stipulates amendments to the Tax Code of Ukraine and other laws regarding the liberalization of the use of settlement transaction registers by single taxpayers.

Background

The second stage of deshadowing related to settlements in trade and services should start on January 1, 2021. Cash transaction registers will be obligatory for single taxpayers of II-IV groups working in so-called "risky" spheres.

This refers to jewelry, textiles, used goods (in stores), and auto parts sales, as well as hotel, restaurant, and travel services.

On April 1, 2021, the third stage will begin: the use of cash transaction registers (traditional or software-operated) will become mandatory for individual entrepreneurs of II-IV groups, regardless of the type of activity.

On November 4, 2020, the Verkhovna Rada failed to pass the draft law, which provides for a one-year deferral of an obligation for individual entrepreneurs to use cash registers.

The Verkhovna Rada also failed to pass the revised bill (No. 4313-d) submitted by Danylo Hetmantsev, head of the Financial, Tax and Customs Policy Committee.