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