STS developed a step-by-step video instruction on the Procedure for inventory accounting for individuals – entrepreneurs

Press service of the State Tax Service of Ukraine, published 16 December 2021 at 16:34 Chapter: News

State Tax Service developed a step-by-step video instruction on the Procedure for inventory accounting for individuals – entrepreneurs. This Procedure was approved by Order of the Ministry of Finance of Ukraine as of 03.09.2021 № 496.

Video explains what inventory accounting is, in what form individual – entrepreneur performs accounting receiving products, how to fill in the Inventory accounting form correctly, etc.

Please note that Procedure is not applicable to single tax payers of Group I, as well as to single tax payers of Groups II – IV, who do not sell technically complex household products subject to warranty repair, sale of medicines, medical devices, sale of jewelry and household products made of precious metals, precious stones, precious stones of organogenic formation and semi-precious stones.

Procedure is also applicable individuals – entrepreneurs who operate on the general taxation system and in the single tax Group III with registration as the VAT payers.

More about inventory accounting is below in the video.

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