The Cabinet has increased the threshold amount for business when you need to use cash registers

The government approved new regulations which defined the new threshold amounts, the estimated annual volume of transactions for the sale of goods and rendering of services which business can conduct without the application of payment transactions (PPO, cash register). Before it was a limit of UAH 200 thousand. Now – 500 thousand UAH. Also raised the threshold from 75 to 250 thousand UAH thousand UAH for one structural unit of the subject.

At the same time, in the explanatory note to the document States that the use of cash registers is mandatory if the annual income exceeded UAH 1 million, regardless of the activity. About it writes “Interfax-Ukraine”.

The document does not apply to entities that carry out retail trade in excise goods, as well as technically sophisticated household goods.

The regulation specifies the list of activities that are exempt from the mandatory use of cash registers, in particular the provision of municipal services in the villages.

The Cabinet abolished the 13 normative legal acts containing norms obsolete and not complying with current legislation regarding cash registers.

Note that in Ukraine on December 1, 2017, 120 thousand business entities registered nearly 280 thousand of registrars of settlement operations on 260 thousand objects of management. Such data State fiscal service. For 11 months of this year through the cash registers have been sold goods and services to 800 billion.

The Cabinet has increased the threshold amount for business when you need to use cash registers

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