16 August 2018 - The new law on fiscalization in the trade of goods and services is probably going to represent one of the many business barriers. The draft law seems to stipulate all fiscal cash registers should be replaced with computers and every single transaction would have to be verified by the Tax Administration.
This would be totally fine if you intend to pay by cash or a credit card. But what about the invoice payments? The procedure is completely the same, that is, a taxpayer who has had a fiscal cash register now has to replace it with a computer and before he/she gives a customer the fiscal invoice, he/she needs to send his company’s registration number to the Tax Administration and waits for the verification, as reported by Pobjeda daily.
A taxpayer gets the approval in 2 seconds, says the draft law. On the other hand, the situation is different with those not being subject to fiscalization. They should also seek the Tax Administration’s verification for which they will need an electronic signature, apart from the company’s registration number.
Such an extensive procedure will obviously require many companies which provide more than just one invoice per day, to recruit an employee who will be performing only these jobs. Also, all owners of fiscal cash registers will have additional costs as they will have to buy computers to connect with the Tax Administration. Not to mention the fact that there will be no more jobs for suppliers of cash registers and people who were regularly maintaining them.
