The majority of individual entrepreneurs, who using the
simplified taxation system (STS), do not use payment transactions
recorders (PTRs). It is not surprising that large and medium
companies are trying to do the same, but in another way, thereby
lowering declared earnings. So, the Draft Law "On Amendments
to the Tax Code of Ukraine and the Law" On the Application of
Payment Transactions Recorders in the Sphere of Trade, Catering and
Services "(the Draft Law) is aimed specifically at removing
from the shadow turnover the high-value segment goods and cash from
retail trade.
According to the Draft Law the main consequences for business
should be:
- losing the opportunity to conceal the
real amount of proceeds from the sale of goods and services;
