So what has changed for the individual enterpreuners?
Currently, the rules for the implementation of all types of settlement and cash transactions in accordance with the agreement and requirements of the legislation of Ukraine, established since 2003 (Instruction on the procedure for opening and closing accounts of clients of banks and correspondent accounts of banks - residents and non-residents, approved by the NBU Board of Directors) 11/12/2003 No. 492). As before, individual entrepreneurs can only spend money from an "entrepreneurial" account to pursue entrepreneurial / independent professional activity. At the same time, after paying all taxes and fees, they are entitled to transfer funds from a current account opened for business / independent professional activity to a current account opened by that person for their own needs.
Do individual enterpreuners need to transfer funds from the individual enterpreuners' account to the individual's own current account opened for their own purposes to carry out transactions related to their own needs?
Yes. Current accounts in the national currency of individual entrepreneurs and individuals pursuing independent professional activities carry out all kinds of settlement and cash operations, except transactions related to their own needs. After paying taxes, fees and other payments provided for, in particular, by the Tax and Economic Codes of Ukraine, individual entrepreneurs have the right to transfer funds from such accounts to their own current accounts opened for their own use. Funds from the individual entrepreneur's account to the account for own account are transferred after confirmation of payment of taxes and fees or no debt on them.
How can an individual enterpreuner use funds from their business account?
Current national currency accounts of individual enterpreuners allow all types of clearing and settlement operations, except for operations related to their own needs. Business entities holding current accounts with banks and depositing funds in these accounts may settle their monetary liabilities arising in economic relations in a non-cash form, as well as in a cash form in accordance with the requirements and restrictions laid down in the Regulations. on conducting cash transactions in the national currency of Ukraine, approved by the resolution of the NBU Board of 29.12.2017 №148.
Are ATP cash withdrawal limits set at an ATM?
Corporate card is an instrument of access to the current account of the individual entrepreneur, through which the settlement and cash transactions on the account are carried out, taking into account the restrictions established by the Regulations on the procedure for issuing electronic payment means and conducting transactions with their use, approved by the resolution of the Board of the National Bank of Ukraine dated 05.11.2014 705 and the Regulation on conducting cash operations in national currency of Ukraine, approved by the resolution of the Board of the National Bank of Ukraine dated 29.12.2017 №148. There are no restrictions on the payment of net individual entrepreneurs\ income, in particular through an ATM using a corporate card.
What sanctions are provided for violations of individual enterpreuners calculations?
Control over the payment of taxes and fees and the application of penalties (financial) sanctions (penalties) provided for by law, for violation of tax legislation, are vested in the controlling bodies in accordance with Article 191 of the Tax Code of Ukraine. To the attention of the individual entrepreneurs: Information on entities having tax debt is available on the website of the State Tax Service of Ukraine.
