SDC, Author at SDC | Page 7 of 14

November 21, 2015

AUSTRIA: 2016 regulation to stop sales suppression

Innsbruck / Salzburg / Linz – As Tiroler Tageszeitung reports, due to allegedly manipulated cash registers tax inspectors and financial police have carried out raids at six catering businesses in Tirol, Salzburg and Upper Austria. The sales suppression software found at the premises reduces revenues of up to 25%, means that quarter of annual revenues remain unreported. Each year this tax evasion is costing Austrian citizens 1 billion euros.

The Ministry of Finance informed press, with reference to the ongoing investigation, that damage to the Treasury made by manipulation of the cash registers is quite significant. The cases will soon be handed over to the prosecutor’s office.

November 20, 2015

SLOVENIA: certified cash registers

A “certified cash register” system will apply as from 2 January 2016, under which all legal persons and individuals that carry out cash (or cash-equivalent) transactions and are required to keep books and records will have to use certified tax registers (unless specifically exempted by statute).

November 15, 2015

Ontario: Preventing Sales Suppression

Ministry of Finance has gathered evidence proving that some businesses use sophisticated technology (zappers and phantom-ware) to electronically suppress sales. That creates an unfair advantage by allowing them to underreport business income and retain the taxes paid by consumers.

According to the report released by the Statistics Canada in 2015, the underground economy in Canada is at 2.3 per cent ($42.4 billion) of GDP for 2012, which, based on Ontario’s GDP share, is estimated to be approximately $15.3 billion.

November 10, 2015

FIJI: FRCA invests $5mil in online tax monitoring system

Fiji loses over $150m annually due to fraudulent practices by some businesses in the country.

Some supermarkets were into “creative accounting” by having additional cash registers and allegedly falsifying sales data, which were not in the company’s books of records.

Fiji Revenue and Customs Authority (FRCA) has stated it will treat any falsified VAT return with all seriousness and offenders will have to face the full brunt of the law including imprisonment.

October 6, 2015

Belgium: Inspections to verify FDM activations

Between September 15 and October 15, 2015, auditors from FPS Finance will visit some horeca (hospitality) taxpayers, who according to FPS Finance records already have an active certified cash register system.

During these visits, they will copy the data from Fiscal Data Module (FDM) and certified cash registers.

September 4, 2015

Croatia: Is zapper still available?!

In August, the Croatian newspapers have published two articles. Both speak of the increased tax inspection activity which are resulted by the report obtained from the Croatian online tax system.

1) Over 300 inspectors are on the hunt for tax evaders from Dubrovnik to Istria, the rest of Croatian taxpayers are peaceful

“The field inspection on the Adriatic Sea takes place literally day and night, and during surveillance special smartphone applications are used which in real time monitor whether invoicing on fiscal cash registers correspond to the real situation in the shop.

August 29, 2015

GREECE: Fake fiscal cash registers and data tempering

The Finance Ministry is planning to send tax inspectors back to businesses where auditors have been physically attacked. Inspectors have already received instructions for dealing with businesses where they face violence – which are usually the most likely to engage in tax evasion. The instructions state that the auditors can request police assistance at any time.

Checks in recent days have seen attacks on auditors on Myconos, including an incident at an island hotel where two tax inspectors were verbally and physically confronted. Angry hotel staff forcibly removed and destroyed their findings.

August 25, 2015

SWEDEN: Consumers do not care for paper receipts

Only four in ten always take receipt issued by certified cash register when they visit restaurants or cafes. When they buy clothing, electronics, books, or building materials, it is twice as many, 85%, who always ma
kes sure they receive confirmation of their purchase, according to a survey conducted by the Tax Agency. Women and older people are taking far more often than younger receipt and men.

Tax Agency’s interest in how often people look to get a receipt. Is there incentive in the desire to curb evasion in cash sector?

August 22, 2015

BULGARIA: Fiscalized fuel pumps not secure, why?

“The suspicions which I raised last week were proven true. There are gas stations, where 40% of the fuel offered is bad quality. Not to mention the presence of sulfur. The inspections will continue in all directions and everywhere,” the Prime Minister said, quoted by BGNES.

In most cases, the seals on the dispensers were placed so that they allow for release of test fuel without compromising the integrity of the device, Goranov said, pointing out that last week inspections took place at certain gas stations and a number of violations in fuel trade were detected.

August 18, 2015

Philippines: Cash Machines must be registered

The Bureau of Internal Revenue (BIR) has directed business establishments to submit an inventory list of all cash register machines, point of sales machines, special purpose cash machines and any other similar machines generating sales invoices as of June 30.

Internal Revenue commissioner Kim Henares said the move is in line with the agency’s efforts “to effectively supervise and monitor the issuance of sales invoices/receipts by business establishments and strengthen data management and capabilities that is vital in ensuring a reliable database of sales transactions.”