ROMANIA: New Fiscal law in 2018 ?

ANAFWill Romania once again postpone the implementation of the Fiscal law annex (Ordinance 91/2014)? This week, National Council of Small and Medium Enterprises in Romania (CNIPMMR) filed a request to postpone the implementation foreseen for the period Jun-August 2018.

The request states that the proposed solution in the annex has been technologically overcome. They also say that the tax administration has not renewed its resources for a long time and that ANAF IT center should be modernized before the fiscal reform. It is emphasized that it is necessary to digitize all of Romania, including rural areas. Previous attempts have been canceled due to inappropriate infrastructure. It is better, they say, to postpone the process for a year or two and thus introduce a modern solution.

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Croatia – 5th year into fiscalization

linic_cro_minister_financeCroatia has entered year five of fiscalization. Former Minister of Finance Mr. Slavko Linic, who was a great advocate of the fiscalization process in Croatia, confirmed on TV news last month that fiscalization was one of the most successful projects of the history of Croatian tax administration. Despite the strong resistance from certain groups of taxpayers, the project succeeded. This fiscalization, now known as the “Croatian model”, originally adopted from Latin experience of e-invoicing (NFC-e), has served the tax administrations of Slovenia and the Czech Republic to develop their fiscalization processes.

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Austrian RKVS (Registrierkassensicherheitsverordnung)

17.673.999Austrian Cash Register Security Regulation (RKSV) is currently in its second phase of implementation (phase one – 2016 obligation to have cash register, record transactions and issue receipts, phase two – 2017, the cash register must additionally be equipped with a technical security device).

Michael Engelbert, public manager in Austrian Ministry of Finance declared this month: ”Introduction of RKSV, started with outrages opposition, but after year and half merchants have settled, although they still say its a bad idea. We estimate that 85 percent of merchants already have a cash register and data security solution. Income is rising, currently very strong. Is it caused by economic growth or by reduction of the gray economy, it cannot be precisely determined. “

Financial police goes to routine checks examining if sellers are issuing genuine receipts. When inspector detects a violation of the law, he/she will report it to the financial administration and it will initiate the tax audit.

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Czech Republic: Fiscalization in slow mode

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The Constitutional Court of the Czech Republic has reviewed the requirement on the constitutionality of the law on Electronic record of sales („zákon o EET”). The final decision of the court is that the law as a tool for regulating sales control is overall good. On the other hand, it has been concluded that there are some flaws in the law concerning the privacy of citizens and that attention must be paid to the content of the invoice that is a public document.

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Fiji Vat Monitoring System project goes live January 1st

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Fiji will soon join the growing number of countries that will start the fiscalization process, as of January 2018. Earlier in June this year, Regulation was officially published.

From January 1st 2018 all supermarkets and pharmacies will have to comply with the Regulation. Each sales point will be monitored by an EFD (Electronic Fiscal Device) that issues a digitally signed invoice and performs remote transfer to a dedicated tax administration server in Fiji. This invoice can be verified and stored on tax administration server in a digital form for an unlimited time.

The EFD under the Regulation must be accredited. Requirements for that are minimal and the time that developers have to fulfill in its adaptation is short, especially for the computerized POS developers. FRCS is inviting vendors to register and test their solutions with Tax Authority.

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