NEWS

FRB (Federal Board of Revenue) has been announcing for a while that it has obliged the largest retailers to be accredited and officially start issuing fiscal invoices as of December 15, 2019. The first group (Tier.1) consists of:

• retailers operating as a unit of a national or international chain of stores;
• retailers operating in an air-conditioned shopping mall, plaza or center, excluding kiosks;
• retailers whose cumulative electricity bill for the preceding 12 consecutive months exceeds Rs 600,000.

This also includes wholesaler-cum-retailers engaged in bulk import and supply of consumer goods on a wholesale basis to the retailers, as well as on retail basis to the general body of the consumers, and retailers whose shop measures 1,000 square feet in area, or more.

A basic component of a fiscal system is the Electronic Fiscal Device (EFD),

In previous article called “fiscalization slowed“, we mentioned that there has been a slowdown in the process of fiscalisation in the Czech Republic. Groups 3 and 4 had to wait for the fiscal law to be modified in order for them to be fiscalized. New Fiscal Law’s amendment passed the parliamentary procedure on 15.09.2019.

Groups 3 and 4 starts at the same time 1.May 2020.

Taxes for some individual activities covered by groups 3 or 4  are reduced from 21% to 10% to make fiscalisation more efficient (hairdressing and barbers’ services, bicycle repair, footwear, clothing and textile repair and repair, and draft beer sales, ….).

As announced in our previous News post (Slovakia: Virtual cash register -EKAS), in Slovakia, all fiscal cash registers must switch to online mode by the July 1. With this date, every taxpayer who did not register with the Tax Administration and took over the cash register code would be penalized. This is the biggest reform in Slovakia since introduction of the fiscal law in 1995.

By mid-June, the number of downloaded cash register codes was about 208,000, which is 85% of the expected number of fiscal devices. But as the number of taxpayers, manufacturers and services that did not prepare in time were great, a concession was made and at the last moment, an annex that moves the deadline for the end of the year came into force. Also as help, Call center advising taxpayers has extended their working hours.

One jurisdiction is currently preparing amendments to the fiscalization law with the desire to expand the list of taxpayers who must issue fiscal receipts. The inclusion of the owner of the vending machines on the VAT payer’s list that should be fiscalized has caused quite a lot of discussion through the media. The proposer of the law amendment in the reasoning of its offer states that the sale through vending machines is increasing from year to year, many of these machines are not registered and most owners of the machines are not declaring sales.

Opponents of the amendment suggest that no manufacturer of the vending machines supports fiscalization anywhere in the world because there is no technical possibility to upgrade the machine in such way to suite requirements. However the proposer remains on track with one concession to prolong deadline for implementation. The year 2021 is the year when all the vending machines will have to issue fiscal receipts and be connected to the tax administration server in Croatia.

Back in 2016 we have announced that there will be transition to the new fiscal cash register system in Russia by mid-2017. Nowadays Russia is entering the second year of this project with large numbers. The online cash register system includes:

• 2.400.000 fiscal cash registers,
• 1.000.000 taxpayers, and
• 120 million issued fiscal receipts per day.

These numbers will continue to increase. Fiscalization process is not completed. There are still several stages that will include new taxpayers who have not been included so far. The tax authority reports very good results of the fiscalization process which includes:

• revenue per cash register is doubled,
• number of involved taxpayers and cash registers has doubled, and
• overall budget revenue has increased.