Accounting and reporting

Mandatory use of PTR is postponed due to quarantine

In Ukraine a quarantine has been imposed due to the spread of novel virus COVID-19. Unprecedented safety measures taken by the government have affected business. In particular, the use of paymemt transaction recorder (hereinafter – PTR) was postponed.

The main deparment of the State Tax Service in Kyiv has emphasized that the introduction of sofrware PTRs, provided by Law of Ukraine "On Amendments to the Tax Code of Ukraine on the Shadowing of Settlements in Trade and Services" No. 129-IX of September 20, 2019, which was planned as of April 19, 2020 is postponed to August 1, 2020.

In particular, the single tax payers of II-IV groups (sole proprietors) will be obliged to use PTR as of January 1, 2020, not October 1, 2020 as it was prescribed. From that date on the "cashback" system will be introduced.

The mandatory use of PTR by all sigle tax oayers of II-IV groups, whose annual income exceeds 1 million UAH in the calendar year, which was planned to be introduced on January 1, 2020, is postponed to April 1, 2020.

The abovementioned changes are envisaged by Law of Ukraine “On Amendments to the Tax Code of Ukraine and Other Laws of Ukraine on Support of Taxpayers for the Period of Measures to Prevent the Occurrence and Spread of Coronavirus Disease (COVID-19)” No. 533-IX of March 17, 2020.

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