Today, the Government has approved the rules for the operation of the United State Register of consumption and level meters which shall be used by companies involved in fuel production and trade.
What’s it about?
In accordance with the Tax Code, companies producing and selling fuel shall be equipped with consumption and level meters starting from January 1, 2018.
The Cabinet of Ministers has adopted the rules for the operation of the United State Register of fuel consumption and fuel level meters as well as for the electronic transmission of the consumption data to controlling authorities.
According to the rules:
- The State Fiscal Service is responsible for the maintenance of the Register;
- Companies send electronic data on fuel consumption to the State Fiscal Service on daily basis;
- The Register shall contain information about entities managing excise goods warehouses, consumption and level meters (name, model, number), daily fuel turnover volume and remaining fuel volume in each tank and for each product code;
- To capture data in the Register, transition periods are set for the switch from the manual to automated data entry depending on tanks’ volume (over 20 thousand cub.m. – starting from July 1, 2018, 1 to 20 thousand cub.m. – starting from January 1, 2019, lower than 1 thousand cub.m. – starting from July 1, 2019).
What’s the benefit?
The new rules will make it possible to reduce the volume of the black market and to create equal business terms for all market actors.