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).
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.
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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.
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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.
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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.
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