The Finance Ministry has allowed the printing of fiscal receipts in the old format, but for how long will this be permitted?

In Ukraine, the transitional period for implementing new requirements regarding the form and content of accounting documents has been extended. Until March 1, 2025, it is permitted for registrars of accounting operations, whose versions are included in the State Register of RRO and PRRO, to issue documents using the old form. At the same time, enterprises have the right to introduce new fiscal receipt forms before the specified date, although this is not mandatory. This information was provided by the press service of the Ministry of Finance.

The Ministry of Finance of Ukraine, by order No. 674 dated December 30, 2024, “On Amending Paragraph 4 of the Order of the Ministry of Finance of Ukraine dated November 22, 2024, No. 601,” which was registered with the Ministry of Justice of Ukraine on December 31, 2024, under No. 2061/43406, has extended the transitional period for the introduction of new requirements concerning the form and content of accounting documents until March 1, 2025. These requirements were approved by order No. 601 "On Amendments to the Order of the Ministry of Finance of Ukraine dated January 21, 2016, No. 13". The mentioned orders are being prepared for official publication and will take effect the day after their publication in the official edition.

To review the texts of the orders and their attachments, you can visit the Ministry of Finance's website in the "Legislation" section under "Resolutions and Orders" in the subsections "Orders of the Ministry of Finance of Ukraine in 2024" and "Orders of the Ministry of Finance of Ukraine in 2025".

Individual Entrepreneurs and Individuals Will Not Pay Military Tax Retroactively

At the end of 2024, the President of Ukraine signed the bill No. 9319, adopted by the Verkhovna Rada, which, among other things, established that the military tax for single tax payers (individual entrepreneurs and legal entities) will be introduced starting January 1, 2025. For individual entrepreneurs of the first, second, and fourth groups, the tax rate is set at 10% of the minimum wage established at the beginning of 2025 (8,000 hryvnias). Consequently, the military tax will be calculated based on this amount, totaling 800 hryvnias per month. Single tax payers of the third group (legal entities and individual entrepreneurs) will begin to pay the military tax at a rate of 1% of their turnover based on the results of the first quarter of 2025. Furthermore, individuals will not be liable for military tax retroactively. The declared total annual income of individuals for 2024 will be taxed at a military tax rate of 1.5% (except for income from property transactions, inherited property, or gifts, which will be taxed at a rate of 5% starting December 1, 2024). Other sources of income for individuals (e.g., salary, rental income, winnings, deposits, etc.) will be subject to a military tax of 5% starting December 1, 2024. The military tax rate will increase to 5% for income reported in the annual declaration starting January 1, 2025. Meanwhile, government bonds, including military bonds, for individuals continue to be exempt from both personal income tax and military tax. Social benefits, pensions, scholarships, and other income not subject to personal income tax are also exempt from military tax. The military tax rate for military personnel and employees of law enforcement agencies specified in the law remains at 1.5%.