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

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

Ukrinform
President Volodymyr Zelensky has signed a law on the liberalization of the use of registrars of settlement operations (RSO) by unified tax payers and abolition of the compensation mechanism for buyers (consumers) on complaints about settlement transactions.

According to the president’s press service, the law provides for the postponement of mandatory use of registrars of settlement operations (software registrars of settlement operations) until January 1, 2022 for individual entrepreneurs who are unified tax payers of Groups 2, 3, 4 and whose income during the calendar year does not exceed the income limit established for unified tax payers of Group 1, except for those who work in the sectors with significant risks of tax evasion.

The law extends for a year, until January 1, 2022, the application of reduced financial sanctions for violations by economic entities of certain requirements of the law on the use of RSO during settlement operations.

As reported by Ukrinform, the Verkhovna Rada on December 1 approved the law postponing mandatory use of registrars of settlement transactions for some individual entrepreneurs for the period of one year.

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