On August 30, at a meeting, the Cabinet of Ministers of Ukraine approved the Strategy for Recovery, Sustainable Development and Digital Transformation of Small and Medium-Sized Enterprises for the period up to 2027 and the approval of an operational plan for its implementation in 2024-2027. In particular, the document refers to support for the introduction of electronic invoicing (e-Invoicing), which allows small and medium-sized businesses to avoid fines, facilitate tax rebates, and promote Ukraine’s integration into the EU and strengthen its ability to compete in the European market (one invoice standard is used for customers in all EU member states).
In April 2022, CASE Ukraine published a research, “European Integration of Accounting: Why Service Acceptance Acts are No Longer Required“.
According to CASE Ukraine’s estimates, the circulation of service acceptance acts takes up to 13% of an accountant’s working time and up to 5% of a company’s manager’s working time. Producing one pair of service acceptance acts costs UAH 200-300 labor hours. The economy loses up to UAH 34 billion annually (about 0.6% of GDP) from circulating service acceptance acts. Since then, CASE Ukraine has advocated for abolishing the mandatory nature of service acceptance acts and replacing them with electronic invoicing (e-Invoicing).
In October 2022, MP Yaroslav Zhelezniak registered a draft law on using invoices in operations for the performance of work (provision of services), which was developed with the participation of CASE Ukraine experts. The Ministry of Finance opposed the abolition of the mandatory nature service acceptance acts.