Relationship cash registers And tax arrangements after POS from June 2023, they announced yesterday the financial staff and AADE, at the same time sources of the Ministry of Finance they reported that some of the incentives that were provided to limit tax evasion (revenues from certain professional groups that reduce the tax to 2,200 euros) did not bring the expected results and will be reassessed.

At the same time, within six months after the elections, it is expected that POS will be installed everywhere, in particular, in all areas of economic activity.

As seen in the AADE commander’s presentation G. Picilis, in just the first two months of the summer, 400,000 cash desks will be connected to the POS. In June, the new mechanism will include companies with a turnover of up to 100,000 euros, and in July – with a turnover of more than 100,000 euros.

Of course, the connection is delayed by at least seven months, as it was supposed to start in January 2023, and for some businesses with old cash registers and problematic mechanisms (via computers), the start is delayed by at least 10 months. In particular, it is expected that an additional 140,000 cash registers will be connected by the end of October.

As a result of inspections carried out at the enterprises in question, it was found that:

1. Mechanisms are used that do not fix tables and orders.

2. Orders are recorded in files on the computer, and not in the fiscal mechanism (FIM).

3. Orders are issued, which are then either canceled without being recorded in the mechanism’s tax memory, or the final check is not issued.

4. The turnover is deleted after the fact.

Fund 162 million euros

By the end of October, an additional 140,000 cash registers with old equipment will be connected.

According to the plan, these businesses will either have to replace or upgrade their receiving mechanisms. In fact, a fund was provided through him for the modernization or replacement Recovery Fund in the amount of 162 million euros. The renewal voucher is 125 euros for the movement and the replacement voucher is 320 euros.

As the Minister of Finance Chr. staikouras“e-tax mechanisms are part of a broader economic policy framework, with economic efficiency, social justice, and reciprocity being the top priorities of the government’s economic staff.”

For his part, Deputy Minister of Finance Rep. Vesiropoulos he noted: “In the context of digital transformation and a broader modernization of tax administration, we are now starting to implement the interconnection of electronic tax mechanisms with card acceptance terminals. Another necessary measure to ensure transaction transparency and limit tax evasion are two goals that are constant in our policy.”

How it will work

By pairing cash registers with POS, EFT POS terminals will not work offline for debit transactions. This means that a card transaction will not be allowed to enter the payment amount by dialing into the POS. A receipt for the amount will come out of the cash register.

With the new system, the check will look like this:

1. The transaction begins with a fiscal electronic mechanism (FEM), that is, modern cash registers for retail operations. The operator (employee or shop owner) selects “pay by card” and FIM sends a corresponding request to the EFT/POS card payment system.

2. The EFT/POS system automatically acknowledges receipt of the request to the tax mechanism, suspending it until the result is received.

3. The POS connects to the payment service provider (bank or similar payment service) and receives information if there has been (a) an “online approval” or (b) offline approval, (c) offline rejection, or (d) transaction abort.

4. The EFT/POS system responds to the FIM with the end result: rejection or approval. Simultaneously with the confirmation, it also sends the basic details of the transaction (eg transaction number, confirmation code, etc.) as well as data to print the receipt from FIM.

5. Tax mechanism – FIM confirms the receipt of the final result. In the event that this confirmation is not documented by the EFT/POS system for any reason, then EFT/POS creates an appropriate mark that the transaction was not processed by the tax mechanism.