On December 1, 2020, the Verkhovna Rada of Ukraine adopted the Law “On Amendments to the Tax Code of Ukraine and Other Laws of Ukraine on Liberalization of the Use of Registrar of Settlement Transactions by Single Taxpayers and Abolition of Compensation Mechanism to Buyers (Consumers) for Complaints penalties”.
The law provides:
- determination of the maximum amount of income, not exceeding which is one of the conditions for the subjects of the simplified taxation system: Group I - 167 minimum wages (MW); Group II - 834 MW; Group III - 1167 MW;
- cancellation of the “cashback” mechanism (compensation paid to customers for violations in settlement transactions) .;
- postponement until 01.01.2022 of mandatory application of RRO for natural persons - entrepreneurs who are payers of the single tax of II - IV groups and whose income during the calendar year does not exceed the maximum amount of income set for the I group of taxpayers of the single tax;
- cancellation of fines for non-compliance of the amount of cash at the place of calculation of the amount of funds, which is indicated in the daily report of the RSO, as well as for the lack of prior programming of goods in the RSO (PRSO).
Gennady Sіlvanovich, lawyer @ Dynasty Law & Investment