NEWS | SDC

December 27, 2014

Romania: Upgrade to electronic journal and online tax lottery

Legislation upgrade to Cash registers equipped with electronic journal which connects to a database of NAFA (Romanian Tax Agency), was approved December 2014 by the Government.

Ministry shows benefit of the new system (devices equipped with electronic journal) brings traders to eliminate paper rolls acquisition costs (average economy / year / unit in operation ≈ 150 euro) and their storage obligation for a 2 year period.

The Ministry has also announced its intention to establish an online tax lottery with cash prizes for holders of tax receipts. According to the ministry, monthly 160 prizes will be awarded for each NAFA region, with expected value of each prize 1,200 lei (350 USD).

December 23, 2014

New York: Congressman Grimm pleads guilty to tax evasion

Associated press reports: U.S. Rep. Michael Grimm admitted Tuesday to federal tax evasion, pleading guilty to charges he had fought as he won re-election last fall but that now leave his congressional future in question.

Grimm entered a guilty plea to one count of aiding in the filing of a false tax return. He had been set to go to trial in February on charges of evading taxes by hiding more than $1 million in sales and wages while running a Manhattan health-food restaurant.

December 17, 2014

Slovenia: DURS to enforce invoice control in real-time

On the 04/12/2014 meting, the Slovenian government adopted decision related to the amendment of measures against grey economy. One of the conclusions was to introduce from 1st September 2015 the “real cash registers”. Last year, Slovenian previous government, has implemented “virtual cash registers”. Every cash register owner should have a program that prevents the deletion or change of invoices. But taxpayers was given the option of choice whether to use cash register or manual invoices. Although the tax revenue is increased by “virtual cash register” implementation, it was observed that many taxpayers have replaced their cash registers with manual invoicing booklets!!

December 16, 2014

Belgium: Black box installation to be completed in 2015

All taxpayers registered in hospitality sector in Belgium are obliged to register for the use of Certified Cash Register System, at their Tax Agency by February 28, 2014. The system will need to be installed at taxpayer’s premises before the end of 2015.

December 4, 2014

Quebec: sushi restaurant used zapper to suppress sales – now fined $50K

Miyuki Sushi Bar inc. owner Thahn Long Pham is being fined $50,000 on Nov. 17, 2014.

The restaurant was audited after Revenue Québec obtained a search warrant and seized records in Dec. 2009 and discovered irregularities.

Thahn was accused of using a sales suppression device to alter the records in the cash register and therefore the amounts of QST and GST due…