In Ukraine, the deadlines for mandatory use of payment terminals for individual entrepreneurs have been postponed: for how long?

The Cabinet of Ministers has postponed the deadlines for the mandatory use of payment terminals for sole proprietors of group 1 – until the end of martial law and for another three months after its cancellation. This was announced by Prime Minister Yulia Svyrydenko, as reported by UNN.

The government has postponed the deadlines for the mandatory use of payment terminals for sole proprietors of group 1 – until the end of martial law and for another three months after its cancellation. The decision was made in response to appeals from small businesses, for whom the maintenance of POS terminals today creates additional financial pressure.

According to her, this will allow the smallest entrepreneurs to work and maintain income in conditions of war, power outages and logistical restrictions, and also gives businesses time to prepare for the transition to cashless payments and in the future choose a convenient payment method: POS terminals, mobile applications or QR codes.

RecallThe Ministry of Finance of Ukraine published a draft law on, as it is called, “VAT for sole proprietors” from 2027, which, as the Ministry of Finance claims, “should improve VAT administration for single tax payers”.