Telegram 
Viber 
Whatsapp 
Messenger The Rada amended the law regarding the use of cash registers from 01.07.2015 on the last day
On July 1, 2015 the Verkhovna Rada voted for a draft law that amended the procedure for using devices designed to register cash settlement operations.
Project No. 1088 was voted for by 248 deputies. The changes adopted by the Verkhovna Rada will affect those small business entities whose turnover for the year does not exceed 1 million hryvnias.
According to Nina Yuzhanina, who heads the Verkhovna Rada’s Committee on Customs and Tax Policy, the decision, which should satisfy all market participants, was made after conducting special additional meetings. According to draft law No. 1088, payers of the single tax belonging to groups 1-3 whose total annual turnover is less than 1 million hryvnias are exempt from installing cash register equipment.
The committee chair also noted that if income exceeds the specified 1 million, the microbusiness participant will be required to carry out all operations using RRO. From the 1st day of the quarter following the one in which the excess of 1 million hryvnias occurred, the entrepreneur will be required to begin using a cash register when conducting operations and to continue using it for as long as they remain a single taxpayer.
Note another change. In the first reading of the mentioned draft law there was also a provision prohibiting banks from requiring documents proving the identity of a person carrying out the purchase and sale of foreign currency. But after the amendments made to the draft law, this provision was no longer present in the document’s second reading.
We remind readers that consultations of coalition participants together with the Minister of Finance continued until late evening on the eve of the vote on the adoption of draft law No. 1088.
Thus, the Verkhovna Rada, immediately before the entry into force of the law’s provision requiring the mandatory use of cash registers by all single taxpayers, adopted amendments and revoked that provision. As usual, it did this on the last day, when the majority of conscientious, law-abiding entrepreneurs had carried out all the necessary preparatory work to switch as of the specified date, namely 1.07.2015, to settlement-cash servicing using RRO. Many of them had to spend time and significant funds to change their methods of work in accordance with the innovations. It turns out that the winners were those who decided to ignore the law’s requirement and continue to operate as before, or to cease their activities after it came into force. As always, lawmakers look good and innocent in their own eyes — they passed the law in favor of entrepreneurs, and the fact that they did it so late no longer matters.