Fiscalisation
What is fiscalisation?
Fiscalization is a set of measures introduced to control invoicing in cash. These measures include changes in the IT environment (implementing electronic cash registers with real time connectivity to the central system), operations (new tax inspection process) and regulation (changes in the regulatory framework to support compliance).
What is software fiscalization?
The last big change in the evolution of fiscal laws is software fiscalization – an automated VAT collection process that supervises transaction revenues. The transaction system software connects businesses to tax authorities to eliminate tax evasion and combat unfair competition. Countries that implemented fiscalization have seen significant growth in taxable deliveries.
Benefits and drivers
What is online VAT collection and how does it work?
1
The transaction is sent to the fiscal authority
Receipts or invoices are issued using fiscal software and an internet connection. Each element is sent to the fiscal authority for authorization in real time.
2
Authorization is returned
The fiscal authority authorizes the transaction with a unique key, which is returned to the fiscal software for monitoring and incentives.
3
Verification on receipt
A unique identification key is printed on every authorized invoice. Customers can verify using SMS, website, or in person.
Control and monitor tax revenue and effectively manage revenue streams from new and existing tax obligors.
Extended Offering
