Specialists of the State Tax Service of Ukraine conducted analysis of revenues through the RCOs using System of storage and data collection of registrars of calculated operations (RCOs).
Number of registered RCOs used by business entities and amount of settlements operations made through them are constantly growing due to honesty of business entities operating in trade, catering and services, as well as the constant effective STS’s control over compliance with current regulations.
312.5 thousand RCOs are registered in Ukraine according to the STS’s databases as of the 1st of October 2020. This is 17 thousand or 5% more than as of the 1st of October 2019. Total amount of sales made through RCOs has also increased over 9 months of 2020 and reached 885.1 billion UAH (867.7 billion UAH over the corresponding period in 2019).
STS carries out constant analysis of data on revenues of business entities. About 3.8% of business entities involved in sale of excisable products and whose average monthly revenue is less than 5.0 thousand UAH were identified according to information received from the RCOs during June – August 2020. Information about low revenues in the presence of mandatory minimum costs (wages, rents, current expenses, etc.) may indicate that business entities are hiding the real amount of settlement operations. Herewith as of the 1st of October 2020, the number of risky business entities in Ukraine has decreased by 24% comparing to the results of 2019.
STS emphasizes the obligation and completeness of registration of all settlement operations carried out by business entities in cash and / or non-cash form (using electronic means of payment, payment checks, tokens, etc.) during the sale of products (services) in trade sphere, public food and services for cash acceptance operations for its further transfer.
Presence of risks in the completeness of settlement operations through the RCO may be the basis for actual audit of the supervisory authority.
Video tutorial № 8. How to generate an electronic seal certificate for RCO by legal entity
Video tutorial № 7. How to generate an electronic seal certificate for RCO by individual – entrepreneur
Video tutorial № 6 from the Tax service. Submission of application on obtaining certificate regarding the absence of debt