Serhii Verlanov: new RCO Laws do not change simplified taxation rules

Press service of the State Tax Service of Ukraine, published 07 November 2019 at 15:10 Chapter: News

Amendments to the legislation on the application of the RCO do not impair the rules for using the simplified taxation system. On the contrary, these rules are liberalized. This was stated by the Chairman of the STS Serhii Verlanov on the air of program “Skladni pitannya”, 24 Channel.

“These Laws are not aimed at breaking the rules or changing the simplified taxation system. Moreover, these Laws increase the limit from 1.5 to 2.5 million UAH for individuals-entrepreneurs – the single taxpayers of Group II” – said Serhii Verlanov.

This means that some of the entrepreneurs who are currently working in Group III will transfer to Group II, so that they will pay less. It should be reminded that the single tax payers of Group II pay up to 20% of the minimum wage (now it is 834.60 UAH) and the single tax payers of Group III pay 3% of the turnover plus VAT or 5% of the turnover.

In addition, registrars of calculated operations are not obliged for use by the taxpayers of Group I who are on the simplified taxation system (annual income is up to 300 thousand UAH), as well as to individuals who sell their own used household goods or products on the market.

“Group III – these are usually legal or IT services. They will actually be accounted in the same way as of today. Therefore, in my opinion, these Laws are not primarily aimed at imposing an additional burden on changing the accounting rules for goods” – stated Serhii Verlanov.

He also emphasized that accounting of goods is obligatory only for exceptional activities. In particular, the trade of excisable goods, compound household appliances and medicines. For other individuals-entrepreneurs accounting of goods will not be obligatory.