In 2026, individual entrepreneurs are still required to keep records of income, but the rules remain as simplified as possible. Entrepreneurs can record income in any convenient form – in a paper notebook, Excel spreadsheet or special program. The main requirement is that the records be systematic and stored together with the primary documents. This is reported by “First Business“, the PromPolitInform portal reports.
Accounting for income is mandatory for all groups of individual entrepreneurs, but the approach to keeping it differs. Entrepreneurs of the 1st and 2nd groups, as well as individual entrepreneurs of the 3rd group without VAT can make records monthly, recording only the amount of funds received. For VAT payers, the requirements are stricter – more detailed accounting of transactions is required.
The Tax Service reminds that although the obligation to register a book of accounts has been abolished, liability for its absence or improper maintenance remains. During the inspection, the entrepreneur must provide records and supporting documents. Fines are provided for their absence, which may increase in the event of a repeated violation.
We remind you that entrepreneurs are separately reminded: it is necessary to keep paper books that were once registered with the tax service for at least three years. It is also important to remember that the status of an individual entrepreneur does not guarantee insurance experience – it is accrued only if the SSC is paid.
