NEWS

Greek government is installing 400,000 ‘Point of Sale’ software systems – computerised cash registers that provide sophisticated financial, sales and inventory reports. These are designed to be compatible with the EU’s Digital Single Market (DSM) policy, and to minimise the opportunities for tax fraud. The government also plans to apply the new OECD Standard for Automatic Exchange of Information in Tax Matters during 2016: participant countries will cooperate online, notifying tax authorities of assets held or payments made connected with accounts exceeding USD$250,000.

Slovenian Financial Administration with introduction of the mandatory use of fiscal cash registers starts new fiscal lottery game to encourage consumers to ask for the fiscal receipts.

Mobile app “Verify Receipt”

For the participation in this game consumer must collect 10 different fiscal receipts issued by different goods or service providers.

This can be done in three ways:

Hospitality sector in Belgium, with 25,000 Euros or more in revenue from the sale of food and drinks, starting January 1st must have a certified cash register/POS connected to the fiscal black box.

According to one survey of 528 restaurants, taverns and breweries, 45% of them have raised prices due to the introduction of the black box, in an average increase of 10% for meals and for drinks. One quarter of respondents also intend to increase their prices as the 45% who have already done it.

First month since the start of the fiscal law implementation (use of certified cash registers) in Slovenia has ended. In this period, inspection controls were only preventive and not punishable in accordance with the new law. In the following period controls will become more severe and will include heavy fines, as officials announced.

Tax inspectors revealed irregularities in 5.5% of registered taxpayers (approximately 7,000 visits). The most common irregularities were: