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Changes Concerning the Use of Cash Registers from January 1, 2022
Starting from January 1, 2022, important changes will come into force in Ukraine regarding registers of settlement operations related to individual entrepreneurs (IEs). Thus, payers of the single tax of the IInd-IVth groups, who perform cash settlements, must install cash registers (CRs) or software cash registers (SCRs) and issue checks to their clients.
Prior to the above-mentioned date, regardless of the chosen type of activity, CRs or SCRs have already been used by IEs of the IInd-IVth groups who sell: technically complex household goods that are subject to warranty repair; medicines, medical devices and paid healthcare services; jewelry and household products made of precious metals, precious stones, precious stones of organogenic formation and semi-precious stones.
It should be noted that, in accordance with the requirements of paragraph 296.10 of Article 296 of the Tax Сode of Ukraine, CRs or SCRs are not necessary for payers of the single tax of the Ist group. That is, group Ist taxpayers who do not hire employees and retail for cash in the markets, remain free from the obligation to use CRs/SCRs in 2022.
In terms of IEs not included into the simplified system, as informed by the State Tax Service, such a register should be acquired by all IEs who perform settlement operations. At the same time, the mandatory availability of such payment systems depends on the business model. For instance, if it is B2B, respectively, companies work with the same IEs and legal entities, so all their settlement operations are carried out with the help of banks. Therefore, they will most likely not need a CR. If the business model is B2C, i.e. transactions are carried out mainly in retail, a CR will be necessary.
With regard to liability for non-compliance with the requirements for the use of CRs, from January 1, 2022, the following fines will apply to entrepreneurs, during the inspections of which it will be established they conduct operations without the use of CRs:
- 100% of the value of goods (works, services) ‒for the first violation;
- 150% of the value of goods (works, services) ‒ for each repeated violation.
As such, for entrepreneurs paying the single tax of the IInd-IVth groups, it is advisable to carry out early registration of cash registers or software cash registers with regulatory authorities in order to comply with current legislation of Ukraine.