QUARANTINE. BUSINESS SUPPORT PROJECTS.

On December 9, the Voice of Ukraine 8228 published three important laws to support business during quarantine.

1. Law of 01.12.2020 №1017-IX 'On Amendments to the Tax Code of Ukraine and other laws of Ukraine on liberalization of the use of registrars of settlement transactions by single tax payers and abolition of the mechanism of compensation to buyers (consumers) for complaints of violation of the established settlement operations the amount of fines applied ”(formerly Bill 394439-d).

The law determines the maximum amount of income, the excess of which is one of the conditions for the simplified taxation system of the relevant groups of single taxpayers, given the statutory minimum wage, which will take into account changes in the economic situation .

In addition, the rules on the application of the mechanism of compensation to buyers (consumers) for complaints about violations of the established procedure for settlement operations of part of the amount of fines (financial) sanctions applied to business entities are excluded.

Until January 1, 2022, the mandatory application of RRO (PRRO) for natural persons - entrepreneurs who are payers of the single tax of the second - fourth groups and whose income during the calendar year does not exceed 220 minimum wage, except for those who operate in areas with significant risks of tax evasion.

2. Law of 04.12.2020 №1071-IX 'On social support of insured persons and business entities for the period of restrictive anti-epidemic measures introduced to prevent the spread of acute respiratory disease COVID-19 caused by coronavirus SARS-Co V -2 '(formerly Bill 294429).

FOPs will not be able to receive assistance if they:

registered less than three months before the entry into force of this law;

if they paid for SRS in less than three months in 2020, and if their activity is not subject to quarantine restrictions.

In addition, the document provides for one-time financial assistance to companies for payments to employees, so as not to reduce them during quarantine. This rule applies to enterprises that (at the time of entry into force of the law) were forced to reduce or may reduce the working hours of employees due to downtime due to the introduction of quarantine.

The amount of assistance is calculated in proportion to the reduction of the employee's working time, but may not exceed UAH 8,000.

The law also provides for one-time compensation to businesses in order to reimburse the costs incurred for the payment of SDRs. The amount of one-time compensation will be the average monthly amount of SDRs from the calculations of the last 10 months.

3. Law of 04.12.2020 №1072-IX 'On Amendments to the Tax Code of Ukraine and other laws of Ukraine on social support of taxpayers for the period of restrictive anti-epidemic measures introduced to prevent the spread of acute respiratory disease COVID-19 in Ukraine, caused by SARS-Co V-2 coronavirus '(formerly Bill №4430), which provides for:

- exemption of single tax payers of group I from payment of this tax for December 2020 and January - May 2021;

- exemption from accrual, calculation and payment of SDRs of single tax payers of group I in part of the amounts to be accrued, calculated and paid by such persons for the periods from 1 to 31 December 2020, from 1 to 31 January, from 1 to 28 February, from 1 to 31 March, from 1 to 30 April and from 1 to 31 May 2021 for yourself, and determine that such periods are included in the insurance period;

- write-off of tax debt to taxpayers if the total amount of taxpayer's debt on all taxes and fees does not exceed UAH 3,060 and it is not repaid as of November 1, 2020;

- postponement until December 29, 2021 of repayment of tax debt of taxpayers - individuals, including self-employed persons, in the total amount not exceeding 6800 hryvnias, etc.