NEWS | SDC

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.”

August 11, 2015

GREECE: Cash Registers with fiscal memory vulnerable to manipulation

It was reported that during 63 inspections carried out over the past days, Greek authorities encountered 33 violations and 39 offenders, while delinquency rate exceeded 50%.

Inspectors involved in the audits indicated that new methods are being implemented in order to conceal tax evasion. Several business owners are tapping into their cash registers in order to make their daily turnover appear lower than it really is, while also making it appear as if the business has issued the right amount of receipts. This decreases VAT revenue for the state, while authorities are not able to detect any form of tax evasion.

If receipt doesn’t contain verifiable signature committing a fraud is very simple, for example: POS software can be connected to more than one printer mechanism.

July 26, 2015

Croatia: Tax Police launched the summer operation

The start of the summer season for taxpayers in Croatia always means business with highest turnover and a lot of work. Some of them are also trying real hard to avoid paying taxes and this calls for higher engagement of the tax inspectors who are moving around Adriatic coast every summer, especially in the time of big concerts and festivals.
At the beginning of this year’s session, Tax Police published information of the inspections conducted in the period between June 15-30. Inspectors visited 625 taxpayers, and in 24% of the examined cases found irregularities on the basis of the current Fiscal Law. Some 7% of examined taxpayers were sanctioned by temporary cessation of their business activities due to the failure to issue fiscal receipts and failure to make payments of declared tax in the prescribed time.

July 20, 2015

Greece: A pledge to crack down on tax evasion

ATHENS: Tax Inspectors are making frequent and surprise visits, mainly to restaurants, in order to assure new tax rate 23% (up from 13%) is being collected and reported correctly by taxpayers.

Fiscal receipts were in use since 1988 when Greece has enacted fiscal law (hard regulation) for the first time, mandating the use of fiscal devices (Government Gazette 222Α/05.10.1988). Since this introduction there has been several updates of device technical specifications over the years, covering variety of models to suite all business needs, including mobile devices to cover transportation. In time, fraudsters have discovered easy ways to keep separate set of books and again continue to dodge tax.

July 9, 2015

New York, USA: Bill against zappers and phantom-ware

TITLE:

An act to amend the tax law, in relation to prohibiting the use of automated sales suppression devices, zappers or phantom-ware

PURPOSE:

To make it illegal for a person to knowingly purchase, possess, install, update, maintain, upgrade, transfer or use any automated sales suppression device, zapper or phantom-ware.