February 2, 2024

The requirement to submit 8 types of reports of business entities has been abolished

On 09.01.2024, the Presidential Decree “On measures to further simplify the reporting and statistical data submission processes by business entities” No.UP-8 was adopted.

The decree approved a unified list of reports and statistical data submitted by business entities to government agencies.

Also, according to the Decree, from 2024, 8 types of mutually duplicated reports and statistical data requested from business entities, which state bodies can receive from other bodies, will be abolished.

From now on, reports will be provided only through information systems.

By January 1, 2026, a unified reporting system will be introduced, providing for the formation and submission of it to government agencies through the “personal account of a business entity”.

Reporting is carried out in the following order:

– from January 1, 2026, for all business entities – voluntarily;

– from January 1, 2027, it is mandatory for small and medium-sized businesses;

– from January 1, 2028, it is mandatory for all business entities.