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Online stores will be able to use PPO at will

In the Verkhovna Rada of Ukraine the draft Law “On Amendments to the Law of Ukraine” On Application of Registrars of Settlement Transactions in the Sphere of Trade, Catering and Services “Regarding the Development of Small Businesses and Measures to Shadow the Circulation of Goods and Services” was registered.

The Bill proposes to amend the Laws of Ukraine “On application of registrars of settlement transactions in the sphere of trade, catering and services”, “On amendments to the Law of Ukraine“ On application of registrars of settlement transactions in the field of public food and services “and other laws of Ukraine on the de-shadowing of trade and services payments”, in particular:
1) exempt from the obligation to use PPOs of business entities (including online stores) that receive payments for goods (services) provided in a non-cash form (using payment cards, payment checks, tokens, etc.). In doing so, these entities will have the right to use PPOs at will;
2) abolish the responsibility of the business entities that deliver the goods for the fact that they do not store the received funds at the place of settlement.

Author: Ivan Ischuk

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