
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…
Read More›
A new plan to tackle countries chronicle tax evasion problem involves wiring non-professional inspectors on casual contracts of no longer then two months who would be paid by the hour. These individuals would carry on themselves special sound and video equipment to capture evidence on tax evasion while posing as a regular customers. The data gathered would be used by the authorities immediately to issue penalties and sanctions.
What has been introduced as an idea in 2006-2008 will start on January 1 2017, when all merchants in Italy will replace or upgrade their outdated fiscal cash registers with new and more conventional systems capable of producing digital receipts with electronic signatures to assure every transaction, whether it is B2C, B2B, G2B or private money transfers, will become traceable!