The Verkhovna Rada adopted bills 1053-1 and 1073

20/ 09/ 2019

On September 20, the Verkhovna Rada of Ukraine supported the Bills #1053-1 and #1073 on Fiscalisation and Consumer Control of Legality of Products, which were actively supported by the European Business Association. Business congratulates this decision and thanks for the steps in the direction of removing the economy of Ukraine from the shadows and creating equal rules of the game.

In the supported version the transition periods for the mandatory use of cash registers or their counterparts is longer. From October 1, 2020 for groups of goods whose zealization is at risk of tax evasion (jewelry, household appliances, etc.) and from January 1, 2021 – for other groups of goods.

Until October 1, 2020 the penalty for failure to issue a fiscal check will be 10% of the value sold with a violation goods (for the first violation) and 50% for the next violations (100% and 150% accordingly after October 1, 2020).

The consumer will have the right to apply a cashback mechanism (refund) in case of receiving a forged check, thus setting a mandatory minimum amount of 850 UAH for the purchase, after which the buyers will be able to check the registration of their fiscal check in the State Tax Database.

On the other hand, there is an obligation for all business entities to keep records of goods that are at risk, such as household appliances, medicines, medical products, jewelry and household articles of precious metals, precious stones, etc. That means that the seller must confirm the origin of his product.

The business community continues to uphold the need to drive the economy out of the shadows and create equal rules. Therefore, we ask the State Tax Service to involve the Association in testing of alternative types of PPOs in order to eliminate any discrepancies in practical application during the transitional period.

If you have found a spelling error, please, notify us by selecting that text and pressing Ctrl+Enter.

Read articles. Share in social networks
0 Shares

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.

Spelling error report

The following text will be sent to our editors: