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 implements state financial policy.
At the same time, 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 № 447 as of 20.12.2022 "On amendments to Order of the Ministry of Finance of Ukraine № 405 as of 30.11.2022", which was registered in the Ministry of Justice of Ukraine on 22.12.2022 under № 1658/38994 (hereinafter – Order), made changes to Order of the Ministry of Finance of Ukraine № 405 as of 30.11.2022 "On approval of the 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 and Procedure for its maintenance".
Order made changes to the 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 and to Procedure for maintaining the 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.