Paragraph 296.1 Article 296 of the Tax Code of Ukraine (hereinafter - Code) stipulates that the single tax payers of Group III (individuals - entrepreneurs), who are the value added tax payers, keep accounting of income and expenses according to the standard form and in order established by the central executive body, which ensures formation and implementation of the state financial policy.
Herewith, individuals – entrepreneurs – single tax payers of Group III keep accounting of income and expenses from production and sale of their own agricultural products separately from accounting of income and expenses from the conduction of other types of entrepreneurial activity.
Accounting of income and expenses can be kept in a paper and/or electronic form.
Please note that Order of the Ministry of Finance of Ukraine № 405 as of 30.11.2022 "On approval of the standard form for accounting of income and expenses by individuals - entrepreneurs – single tax payers of Group III, who are the value added tax payers and Procedure for its management", which was registered in the Ministry of Justice of Ukraine on 14.12.2022 under № 1596/38932 (hereinafter – Order), entered into force from 03.01.2023.
Order approved:
standard form for accounting of income and expenses by individuals - entrepreneurs – single tax payers of Group III, who are the value added tax payers;
Procedure for maintaining standard form, according to which accounting of income and expenses is carried out by individuals - entrepreneurs - – single tax payers of Group III, who are the value added tax payers.