NEWS

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…

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.

The news that thousands of casual mystery shoppers will be everywhere has spread out across the business community and provoked opposition to argue that such action is ridiculous. “If they expect to combat tax evasion this way, they are not only dangerous, since they do not grasp the legal ramifications of the measure, or its effectiveness, but are also ridiculous and expose the country to ridicule,” New Democracy spokesman Costas Karagounis said.

The Ministry of Finance of Republic of Slovenia on March 4th has announced a draft law on the new obligation which introduces mandatory use of fiscal cash registers in Slovenia. The text of the law on fiscalization will be published up to 20 March in the inter-ministerial coordination at government level and at the same time in the public debate, then by the ministry, perhaps even changed before it will be awarded in the assessment of the government. According to the plans, the fiscal cash registers will be compulsory from 1 October this year. The Ministry has decided to use alternative period – the second option so far on 1 January 2016.
Exemption list is short and covers: state bodies and institutions, local authorities and other bodies governed by public law, supply of goods on board of an aircraft in flight and in the sale of services through vending machines.

source: Marco Mobili

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!

“The first step will be the following. For retailers, artisans and professionals it will be mandatory to report their daily income to the Treasury. This rule will subsequently be extended to large retailers (supermarkets, superstores, shopping malls, discount markets) and to all retailers using vending machines.

The mandatory daily reporting won’t take place using only the one million cash registers spread all over the country. Electronic receipts, on the contrary, may run on new and more versatile devices, such as smartphones and tablets.”

See more in: fiscal encyclopaedia