Tax specialist of the Tax audit department of Main Directorate of the STS in Odessa region conducted 1195 actual audits during January – October 2020. According to their results, business entities violated requirements of the Law of Ukraine as of 06.07.1995 В265 / 95-VR “On the use of registrars of calculated operations in trade, catering and services” and the Law of Ukraine as of 19.12.1995 № 481/95 -BP “On the state regulation of production and turnover of ethyl alcohol, cognac and fruit, alcohol beverages, tobacco products and fuel”.
Financial (penalty) sanctions totaling 29.8 million UAH were applied to violating entities, which is 10.2 million UAH more than during the corresponding period in 2019.
In order to establish the actual volumes of calculated operations carried out by business entities, 439 timekeepings of the proceeds conducted through registrars of calculated operations were organized and conducted.
Reference:
Timekeeping is a monitoring process of the taxpayer’s business activities, which is carried out during the actual audits and is used by regulatory authorities in order to establish real indicators of taxpayer’s activities.
During the timekeepings proceeds increased by an average of 71% or about 4 thousand UAH per day.
At some business entities such an increase is 400-500% or 14.8-20.5 thousand UAH per day.
Increase in the volume of calculated operations carried out through the RCO or software RCO, in the future will affect the increase in revenues for taxation, and hence the payment to budgets of all levels.
In order to avoid violations and ensure payment to budgets of communities and the state, business entities are required to comply with the law.