Effective 7 October 2026, the State Tax Service confirmed its interpretation of Article 122 of the Tax Code regarding penalties for late submission of Form 20-OPP (Report on Settlement Operations with Payment Cards). Each overdue report for a separate settlement period (month/quarter) incurs a distinct fine of UAH 170–510, not a single consolidated penalty. This affects retailers and service providers using RRO/PRRO systems with high transaction volumes.
Key Takeaways
- Per-Period Penalty: A separate fine accrues for each reporting period (monthly or quarterly) where Form 20-OPP is submitted after the deadline (15th of the following month).
- Automated Detection: The STS electronic system automatically cross-references RRO/PRRO fiscal data with submitted 20-OPP forms; missing reports trigger instant penalty notices.
- Mitigation Strategy: Taxpayers should implement automated 20-OPP generation from fiscal memory data and submit nil reports for periods with zero card transactions to avoid cumulative penalties.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement