NEWS

2 million fiscal cash registers in Turkey will be replaced this year with a new generation of devices approved by the Turkish Revenue Administration.

Within the new framework of the fight plan against underground economy the traditional security on fiscal cash registers is upgraded to a so-called new generation devices.

The transition started in 2013 when nearly 120.000 merchants choose benefits over the mandatory compliance requirements to issue fiscal receipts. Benefits such as remote device service diagnostic, PLU management, processing credit card transactions, etc all within a single device on a merchant’s counter. Many traders however are comfortable with older devices and will wait to adopt higher security devices until the final deadline call for upgrade.

Newly formed and partially recognised state of Kosovo, starting April 1st 2015 (no joke) has announced a monetary prizes to all citizens who bring their fiscal receipts to Tax Authority. This measure is also mandated by the law as an incentive and motivation for taking fiscal receipts. Rather than using lottery to draw winners, this young institution has decided to award everybody who is being compliant.

The formula states as follows:

Every month we can find one new jurisdiction who is challenged to combat shadow economy with the use of innovative tech tools. Some will say nothing new here, it’s been happening for over 30 years, and that is true. However in the past this technology was too robust and too complex to install without strong enforcement imposed on taxpayers who are required to meet compliance and obtain certified devices in accordance with whatever procedure has been set, usually involving few licensed suppliers. Modernization brought changes and made certified compliance mechanisms user friendly in a spirit of telecom operators who already have great market coverage.

Offerings are now becoming more appealing to a business model suitable for operator’s relationship with merchants. Here are few examples:

The Czech government submitted for comments a draft law on electronic registration of sales as new modern variant of cash registers.

The new obligation should touch up 600,000 merchants, restaurant operators, hoteliers, craftsmen and providers of other services.

The law should begin to apply January 2016 and will be introduced in phases.

Since January 2016, the electronic records should apply to companies that do business in catering and accommodation services. From April retail and wholesale companies will be included in the system. Since July, revenues should also report individuals who operate a restaurant, hotel or store…