According to the Ministry of Taxation, companies need to use a digital sales register that can track digital input for all transactions made on the cash register. The digital cash registers report all sales information directly to the authorities, thus preventing tax and VAT fraud.
The Ministry of Taxation has the ability of requiring individual companies to use a digital registration system from 2021 if any errors in tax and VAT payments occurs.
Source: The Ministry of Taxation
PosOne supports the requirement to introduce digital cash registers, as we for the past 10 years have been working to reduce fraud through cash register system.
PosOne guarantee compliance of fiscality now and in the future.
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