22 January 2018, Monday, 9:20

Siarhei Balykin: Sole traders cannot fulfil requirements of authorities


Sole traders will fail to implement the requirement to have documents confirming the purchase of and payment for the goods.

The statement was made by Siarhei Balykin, the chairman of the Association of Small and Medium-Sized Business (ASMSB) , at a round table discussion in Minsk on June 23. The meeting to discuss problems of small business was organised by the ASMSB, BelaPAN reports.

The requirement to have documents takes force on July 1, 2014.

Siarhei Balykin stresses he doesn't mean the notorious certificates, against which sole traders have been struggling for the past few months. The requirement concerns shipping document and documents confirming the purchase: invoices, sales slips, etc.

“The government recently approved the list of these documents. I have to note that fulfilling all new requirements may become a catastrophe for sole traders,” the ASMSB head says. “The documents will be considered valid only if all details are filled in correctly. But sole traders cannot influence it, because the documents are filled in by sellers.”

Qualifications of Russian sellers often raise doubts. Besides, Russian requirements to documents are less strict as Belarusian ones. So, different errors and problems are highly probable.

“In Belarus, inaccuracy or failure to fill in all details of shipping documents cause big problems. Even a wrong comma or unspecified acronym can be the ground for recognising the document invalid by different kinds of auditors. Having little experience in legal issues and economics, sole traders will find themselves helpless in conflicts with auditors. They will be fined, and their goods will be confiscated,” Siarhei Balykin said.