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Home Entrepreneur

President signs law to postpone introduction of cash registrars for individual entrepreneurs

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December 8, 2020
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President Volodymyr Zelensky has signed a legislation on the liberalization of the usage of registrars of settlement operations (RSO) by unified tax payers and abolition of the compensation mechanism for patrons (customers) on complaints about settlement transactions.

In keeping with the president’s press service, the legislation supplies for the postponement of necessary use of registrars of settlement operations (software program registrars of settlement operations) till January 1, 2022 for particular person entrepreneurs who’re unified tax payers of Teams 2, 3, 4 and whose revenue throughout the calendar yr doesn’t exceed the revenue restrict established for unified tax payers of Group 1, besides for many who work within the sectors with important dangers of tax evasion.

The legislation extends for a yr, till January 1, 2022, the appliance of diminished monetary sanctions for violations by financial entities of sure necessities of the legislation on the usage of RSO throughout settlement operations.

As reported by Ukrinform, the Verkhovna Rada on December 1 accepted the legislation suspending necessary use of registrars of settlement transactions for some particular person entrepreneurs for the interval of 1 yr.

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