The decision of the Government on  introduction of  a new accounting system for payment transactions  - through electronic cheques by using tablets or smartphones will enable  businessmen to save at least UAH 2,5 billion, which previously were used to pay for cash registers and accounting. This was stated by Prime Minister of Ukraine Volodymyr Groysman.

"The pilot project will be kicked off in three months.  This step will allow entrepreneurs to save resources. The businessmen previously had to pay a sum worth UAH 2,5 billion for servicing these cash registers. From now, these funds will  be directed towards development, Volodymyr Groysman said. -  Moreover,  this step remove additional burden on business".

Background

In June, the Government endorsed an elaborated in synergy with the business circles initiative aimed to simplify the use of payment transactions recorders which allows not only to remove additional financial and time burdens on business, but also to make an important step in the fight against gray imports, smuggling and illegal trade.

The existing scheme of registrars was too complicated. The price of software for registrars is from UAH 4 to 20 thousand, and monthly maintenance makes up not less than UAH 200. Confirmation of the operation - paper check, which is still pasted into cash books. It requires numerous applications and documents and a minimum of 5 days to complete the reports. This is not surprising that entrepreneurs  in such circumstances often avoid any registrations, and therefore paying  taxes and fees. According to business representatives, this situation forms a huge imbalance between white and gray business.

A new initiative developed by the Government and the  State Fiscal Service is the polar opposite of the current system. The key difference is on-line registration via phone or tablet, lack of supporting documents, no subscription fee and the use of an electronic check with QR-code, which will be automatically entered in the register, available in the tax office's electronic cabinet. The SFSU plans to use two independent datacentres, and to provide software for them by saving money on other projects through the use of the ProZorro public procurement system.

The proposed  system of using the PTR is easily integrated with other SFSU systems and accounting programs. The business representatives highly praised the said innovation.