Ministry of Revenues informs

Legal entities and individual entrepreneurs that conduct business activities in the points of sale of goods, provide paid household services, carry out trade in currency values in the foreign exchange offices and activities in entertainment, are required to pay a fee for certain types of business.

In order to conduct these activities, the entity must purchase a commercial patent. It is necessary to submit to the local agency of the Ministry of Revenues the application to purchase the patent. Depending on the activity, the Tax Code of Ukraine stipulates different terms of payment of the fee:

- for conducting trading activities (other than trading activities with acquisition of short-term trade patent), activities in provision of paid services, trade in currency values - monthly no later than the 15th day that precedes the reporting month;

- for conducting trading activities with acquisition of short-term trade patent the fees are paid no later than one calendar day prior to the start of these activities;

- for activities in the field of entertainment - on a quarterly basis no later than the 15th day of the month preceding the reporting quarter.

When purchasing trade patent the entity pays the fee for one month (quarter). The amount of the fee paid at purchasing the trade patent is subtracted from the fee payable in the last month (quarter) of its action. Fee payers may make payment of advance payment before the calendar year end.

The fee not paid within the determined term is considered a tax debt and collected to the budget as per the Tax Code.

If the entity fails to pay the fee in due time, the patent is revoked from the first day of the month following the month in which the violation occurred.

Procedure for purchasing trade patent and terms of payment the fee for certain types of business activities are set out in Art. 267 Section XII of the Tax Code.