PPO in smartphone: Ministry of Finance will launch a business application


Soon the new service will be available for free to all.

PPO in Smartphone: Ministry of Finance will launch an application for trade. Photo:

The Finance Ministry of Ukraine, together with the Tax Service (STS), is preparing to launch a free fiscal application for the software RRO (Settlement Transactions Registrar), which will soon start operating in trial mode. This was stated on the website of the Ministry of Finance.

Within a month, business representatives will be able to familiarize themselves with the functionality of the application in the taxpayer’s electronic office, test it and provide suggestions to improve it.

It is noteworthy that 1 August 2020 The product will be available for full use for all workers for free.

At the same time, the use of software PPOs will become mandatory for certain types of activities of II-IV groups of individuals-entrepreneurs. 1 January 2021.

According to the press service of the Ministry of Finance, the launch of a program of PPOs is an important step towards the creation of equal conditions for refining the economy and doing business.

Consumers, in turn, will be able to check the availability of checks issued in the STS database within minutes. If it is absent and a check is issued in violation of the law, the buyer will have the right to reimburse part of the cost of purchasing the goods, the Ministry of Finance website.

Sergey Marchenko
Finance Minister of Ukraine

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In 2019, a law was passed about the use of Settlement Transaction Registrars (RROs) by individual entrepreneurs. In addition to the mandatory use of cash registers (static or software), cashback was also introduced – a reward for customers that would reveal the facts of cash discipline violations by entrepreneurs.

The concept of cashback implies that a customer who receives a check after paying for a purchase can see this check. In the event that the check was not fiscalized (not registered with the tax authorities), the buyer has the right to lodge a complaint and return the full price of the purchased item.

According to the data, the verification and compensation mechanism will start from October 1, 2020. You can check whether the tax has been properly registered with the authorities. Note that the buyer can receive the cashback only if the cost of the purchased item is more than $ 850.

Read: The third group FOP requires PPO, but not all taxes


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