NEWS | SDC

June 18, 2017

AUSTRALIA: Cash-only businesses beware

The Australian Tax Office announces its plan to protect honest businesses from tax evaders, especially focused on those advertised as “cash-only”.

Focus of the investigation is on those businesses who:

operate and advertise as ‘cash-only’
are part of an industry where cash payments are common
indicate unrealistic income relative to the assets and lifestyle of the business and owner
fail to register for GST or lodge activity statements or tax returns
under-report transactions and income according to third-party data
fail to pay employment duties
operate outside the normal small business benchmarks for their industry
were reported by the community as potential tax evasion.

This effort can support with evidence found that anti sales suppression system is necessary to be put in place in the near future.

May 26, 2017

Austria: RKVS more than a month in operation

One month after Cash Register Ordinance Registrierkassensicherheitsverordnung (RKSV) commenced into force, some comments appeared to suggest that process at the beginning had more problems as it was probably expected. Start of the project was postponed, instead of starting the January 1 it started on April 1 since most users were not ready on January 1, they were given more time to prepare. First month of implementation resulted lower compliance from taxpayers than expected; there are those who still do not issue receipts, although they were obliged to do it even before the 1st of April. One of the leading software vendors in Austria (BMD) made an independent survey that included 239 taxpayers (from SME to corporates), and reveled that errors and malfunctions related to compliance with technical requirements were found in one-third. Almost 40% percent of the receipts were not correct. Percentage of defects is higher in the gastronomic sector than in the other industries.

April 8, 2017

SERBIA: Fiscal lottery mania

Serbia introduced fiscal cash registers in 2004. The following year they had a technological breaktrhough in the world of fiscalization as the first country introducing GPRS modem for remote audit, that is connection between cash register and the server of the Tax Administration.

The success of fiscalization in Serbia by the statements of the Tax directors’ was huge. As the years passed, the efficiency of fiscal cash registers was reduced and taxpayers fiscal discipline decreased.

February 21, 2017

France: less than a year to fiscalization

As announced in December 2015 in our News article “FRANCE- Certified POS in 2018”, it’s a lot close now for the VAT payers in France who will be obliged to use only secure and certified POS software and cash registers, starting from January 2018.

BOI-TVA-DECLA-30-10-30-20160803, the regulation which specifies certification rules is published in August 2016. Requirements must confirm data irrevocability, security, storage and archiving which are the basic rules for the certification process.

January 27, 2017

CZ: Fiscalization system EET registers 100% increase

On January 18th 2017, Czech Finance Minister Andrej Babiš held a conference where he spoke about positive results of fiscalization in the Czech Republic. In the first month of system operation (December 2016), 43000 taxpayers issued over 118 million fiscal receipts. Those receipts are generated by the first group of taxpayers. Next group of 250,000 new taxpayers in retail sector is planned to rollout in March 2017.