Citizens' card transfers automatically tracked by Tax Service

Citizens' card transfers are automatically tracked by the State Tax Service.

This is stated in the State Tax Service's message, the Ukrainian News agency reports.

"From now on, the State Tax Service will permanently identify citizens and taxpayers who sell goods via the Internet and receive money transfers for it," the message says.

Since March 1 of this year, the State Tax Service has been receiving information from the Data Accounting System for Registrars of Settlement Operations regarding:

- citizens who systematically receive funds to their own accounts for sold goods, that is, they are actually engaged in entrepreneurial activity without state registration;

- individual entrepreneurs who also receive funds to their accounts, while not having registered registrars of settlement operations/software registrars of settlement operations, thus violating the requirements regarding the procedure for making settlements, etc.

The State Tax Service emphasizes that it is aimed at preventing and deterring violations that may occur among taxpayers and citizens due to improper organization of business transactions, and does not aim only at applying financial (penal) sanctions.

In the first 20 days of March alone, the State Tax Service identified tens of thousands of taxpayers and citizens who systematically receive funds to their own accounts.

In some cases, the number of transfers per person reaches hundreds of transactions, while there is no state registration or use of registrars of settlement operations/software registrars of settlement operations.

The State Tax Service calls on citizens and entrepreneurs who sell goods via the Internet:

- officially register as a business entity;

- make payments through properly registered registrars of settlement operations/software registrars of settlement operations;

- comply with tax legislation in order to avoid financial and administrative liability in the future.

As the Ukrainian News agency earlier reported, the National Bank of Ukraine has decided not to extend the regulatory restrictions of UAH 150,000 per month for outgoing transfers (also known as P2P, C2C) on all accounts of individual customers opened in one bank to the accounts of other individuals.

In December 2024, Ukrainian banks, under the coordination of banking associations, signed a Memorandum on ensuring transparency in the functioning of the payment services market.

The signatories of the Memorandum undertake to carry out customer transfers taking into account the implemented risk-based approach.

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