Fines for No Taboo Intimate Boutiques Network for the Absence of ECR
Date: 2023-09-20 Author: Dima Zakharov Categories: NEWS 18+
What difficulties and obstacles did the No Taboo company face in relation to fines for the absence of FCRs, and what measures have been taken to address them?
The No Taboo network of intimate goods stores in Ukraine faced fines ranging from 340 to 1000 Ukrainian hryvnias for the lack of Fiscal Cash Registers (FCRs) following a tax audit. These fines were imposed, and the company is required to install FCRs by October 2023.
The owner of the network, Angela Zaporozhets, explained that the delay in installing FCRs was due to difficulties that arose after several relocations of the business between Kyiv and Lviv. Additionally, they encountered equipment loss due to a fire incident that occurred in March 2022.
Business resilience of No Taboo and its plans for the future, despite temporary difficulties and fines.
However, Zaporozhets emphasized that licenses for FCRs had been purchased, and this was confirmed by receipts. The tax authorities took this into account when imposing the fines.
The No Taboo network, engaged in the sale of products for intimate relationships both wholesale and retail, is one of the largest and most successful in Ukraine. The company was founded by Angela Zaporozhets in 2006 and has more than fifty physical stores and an online store. It employs approximately 200 people.
The role of No Taboo in creating jobs, contributing to the Ukrainian economy, and the context of opening a network of adult stores.
No Taboo has an established customer base and popular brands of products for intimate relationships. This allows the company to maintain a consistent demand for its products even in times of temporary difficulties. The company sees potential for expanding its business and market promotion. Despite the fines, No Taboo may strive towards long-term development plans, confident in the sustainability of its business.
In addition, Zaporozhets noted that the company will contribute 7.8 million Ukrainian hryvnias to Ukraine's budgets in 2023 for job creation and has already employed 150 people.
Earlier, in July 2023, the Chairman of the Committee on Financial, Tax, and Customs Policy of the Verkhovna Rada, Daniil Getmantsev, stated that the state tax service in Kyiv had discovered the No Taboo adult store network, which was evading taxes and operating "in the shadows." The company's hidden revenue amounted to over $230,000 per month.
