Innovation in the application of the RCO

The State Tax Service of Ukraine pays the taxpayers’ attention to key innovations of the Laws “On amendments to the Law of Ukraine “On the application of registrars of calculated operations in the sphere of trade, catering and services” on the un-shadowing of payments in the sphere of trade and services” and “Amendments to the Tax Code of Ukraine on the un-shadowing of payments in the sphere of trade and services” (Law №. 128-IX and Law №. 129-IX as of 20.09.2019)

- Tax payers of simplified Group I (whose annual income is up to 300 thousand UAH), as well as to individuals who sell their own used things or products of their own farm on the market are not obliged to use the RCO.

- New Laws opened the possibility to use special RCO programs intended for registration of calculated operations instead of traditional ones. This program can be installed in any gadget, including a smartphone. Herewith, the Law explicitly obliges the controlling authority to provide a free software solution for use by the entity. That is, it will be free to download not only the program itself, but also its service.

- It will be possible to use the RCO software from April 19, 2020.

- From October 03, 2019 - use of the RCO will be obligatory (except for Single tax payers of Group I) for individuals – single tax payers of risky spheres of activity - jewelry sellers, medicines and drugs, sophisticated household appliances, auto parts, second-hand shops. Also, restaurants, cafes, travel agencies, hotels will be obliged to use the RCO.

- From January 01, 2021 - use of the RCO will be obligatory) for individuals – single tax payers of Group II, III and IV regardless of spheres of activity.