Government approves plan for retailers to switch to accepting non-cash payments

16 August, 05:21 PM
The Cabinet of Ministers approved the schedule for the transition of all merchants to cashless payments (Photo:State Tax Service)

The Cabinet of Ministers approved the schedule for the transition of all merchants to cashless payments (Photo:State Tax Service)

All retail outlets are to be equipped with the means to accept non-cash payments by the beginning of 2026, Cabinet of Ministers Resolution No. 894 of July 29 states.

Retailers’ transition to the mandatory acceptance of non-cash payments is scheduled to take place in phases from 2023 to 2026.

The Cabinet of Ministers decided that retailers are obliged to make sure that non-cash payments (including using electronic means of payment, apps or devices), including remote selling are possible:

Video of day

- starting January 1, 2023 at all merchants operating in towns with a population of more than

25,000 people (the exception for trade enterprises with an area of up to 20 square meters has been cancelled);

- starting January 1, 2024 at all merchants in towns with a population of 5,000 to 25,000 people;

- starting January 1, 2025 at all merchants in towns with a population of up to 5,000 people.

All these changes will not affect: individual entrepreneurs in the first group working under the

single tax rate; merchants who sell through vending machines or engage in mobile sales;

merchants of hand-grown or reared products. For these groups, the deadline for accepting non-cash payments is set at January 1, 2026.

None of the above requirements apply to merchants in areas of hostilities or in territories under temporary occupation (encirclement, blockade).

Help NV continue reporting on the Russian invasion

Follow us on Twitter, Facebook and Google News

poster
Ukraine Today
Fresh daily newsletter covering the top headlines and developments in Ukraine
Daily at 9am EST
Show more news
X