The Cabinet of Ministers of Ukraine has approved a new procedure for calculating and accumulating VAT amounts on electronic cash registers (ECRs). This is stated in the corresponding government resolution.The Cabinet of Ministers of Ukraine has approved a new procedure for calculating and accumulating VAT amounts on electronic cash registers (ECRs). This is stated in the relevant government decree.
In particular, from January 1, 2011, the VAT amount in the cash register must be calculated for at least four positions, including the delimitation of the tax rate, as well as transactions that are exempt from taxation.
In addition, from the new year, in addition to the mandatory details, the cash receipt must include the following information:
- the cost of goods or services including VAT for taxable transactions;
- the cost of goods excluding VAT for transactions exempt from taxation and that are not objects of taxation;
- the VAT rate code per unit of goods;
- the total amount of VAT for each item of goods and services;
- the amount that is subject to payment by the buyer (including VAT).
Source: torgexpo.com.ua
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