Cash register
One-plus-one month’s extension for POS
More than 340,000 connections of cash registers to points of sale (POS) are pending for the new way of issuing receipts to start without problems, when payment is made with plastic money.
- Read more about One-plus-one month’s extension for POS
- Log in to post comments
Extension given to businesses for cash register-integrated POS terminals
Greece's Finance Ministry and tax authority AADE on Thursday announced an extension of 1+1 months for businesses to integrate their POS terminals with cash registers, so that it can be completed without technical problems.
The decision was taken following the demands of POS and cash register suppliers, as well as the businesses, to accommodate the demands of a complex effort.
POS situation needs extension
The Finance Ministry and the tax administration (AADE) are focusing on the extension of the deadline for the interconnection of cash registers with card terminals (POS), with the aim that upon full operation of the new process of issuing receipts - for payment by cards - everything will work perfectly without technical problems.
- Read more about POS situation needs extension
- Log in to post comments
POS providers should lower transaction fees, says FinMin
Finance Minister Kostis Hatzidakis urged banks and terminal service providers to reduce fees for small-value transactions made via point-of-sale (POS) terminals, during a meeting with representatives from banks and payment service providers on Wednesday.
Fines and cash register recall for suppliers that miss deadline
Fines of up to 300,000 euros and the recall of cash register models are among the penalties planned for those who are involved in the process of connecting cash registers with POS and are late, according to an amendment the Finance Ministry submitted to Parliament.
Stricter penalties for non-use of POS
The Economy and Finance Ministry on Thursday submitted a provision to parliament which aims to increase fines and impose sanctions against business that have yet to install POS terminals linked to cash registers.
The plan also foresees fines for providers of POS terminals and cash registries who do not comply with the law.
- Read more about Stricter penalties for non-use of POS
- Log in to post comments
Suspicious delays in interfacing of cash registers with POS
There is strong dissatisfaction in the Finance Ministry about the speed with which IT companies - even multinational giants - are upgrading their software, so that it will be possible by February 29 to interface 400,000 cash registers with an equal number of POS.
According to ministry officials, there are suspicions that some companies are deliberately delaying the interconnection.
Gov’t serious about POS use
Severe penalties and fines will be imposed on companies that sell cash registers and POS terminals that do not upgrade their software by February 29, the day the deadline expires for businesses to interface POS with cash registers.
- Read more about Gov’t serious about POS use
- Log in to post comments
Concern over card terminal sufficiency
The process of connecting cash registers with card terminals (POS) is entering the final stretch, as the tests have started for the interface of the cash registers with the POS in order to have everything ready and the new system launch without problems on March 1.
- Read more about Concern over card terminal sufficiency
- Log in to post comments
The only alternative
Those who object to the introduction of the presumptive income for the taxation of the self-employed and freelancers should logically be in favor of electronic means of payment, which record the real, and not the assumed income.
There is no legitimate reason to delay the connection of POS machines with cash registers and with the independent tax authority's system.
- Read more about The only alternative
- Log in to post comments