Obligatory Fiscal cash-registers starting from the new year

When buying something in a store, you receive a bill. Please do keep it when exiting the store, because the inspection (in front of the store, taxi cab or the book-store) could ask you to show it, and if you cannot comply with the request, you might pay a fine.

Starting from the beginning of the coming year, fiscal cash-registers will be obligatory for all commercial companies as well as for all stores – including the companies providing services to citizens. Fiscal cash-registers introduction dynamics are defined by the Government of the Republic of Serbia, and the whole process should be done by the end of the year 2003. In order to prevent monopolistic positions, upon the international fiscal cash-registers procurement tender, licenses to sell them will be given to all companies fulfilling the criteria of the tender. This means that cash-registers from different manufacturers at different prices would be available on the market. As announced by the Ministry of Trade, cash registers manufactured by domestic companies in cooperation with Bulgarian and Chinese companies, will cost between 200 and 300 Euros, while the Italian or Japanese cash-registers’ price will be approximately 1000 Euros.

The second option for obtaining these cash-registers would be their renting and the monthly payment of their lease, from 50 to 100 Euros, and even more. Also, these cash-registers can be acquired through leasing and paid through the utilizing process.

A quick explanation attention to the uninitiated – in contrast to the “ordinary” cash-register, the fiscal cash-register is provided with a memory recording all trading transactions. This cash-register is sealed and can be opened only by an authorized person. Every merchant is therefore required to issue a bill upon the transaction, and the client is required to take and keep the bill. The bill shows the time and the date of the purchase, the price of the merchandise, the tax rate and the summary amount to be paid.

In that way, the State will always have an insight in the funds coming into the budget through tax collecting, and there won’t be any more tax evasion in merchant-monetary transactions. Therefore, the fiscal income is precisely defined and a thorough follow up of the whole network will be assured by the fiscal police and the competent inspection.

The Minister of trade, tourism and services, Mr. Slobodan Milosavljevic, announced that the State will finance 30 percent of the fiscal cash-registers introduction, and the companies with insufficient financial capability to acquire them, will be given the opportunity to get only the “fiscal” printer, mountable on the ordinary cash-registers.

The success of this measure would be the first serious step in the fight against the gray economy. The Ministry of Trade submitted to the Parliament a suggestion on the harmonization of the Law on Sales taxes with the Law on the turnover of goods, so that nobody except farmers or artisans would be allowed to sell goods on green markets, and no more manufactured goods could be found on “street” counters.