Romanian government signs bill to introduce mandatory electronic cash registers

Newsroom 24/12/2014 | 14:08

The Romanian Government approved on Tuesday an emergency bill which will make it mandatory for companies to have cash registers equipped with an electronic journal and connected to a database of the Tax Administration ANAF, reports  Mediafax.

“It concerns the authorisation of electronic cash registers according to taxpayer brackets and introducing the obligation to connect the electronic cash registers in order to transmit fiscal data tot ANAF”, according to Corneliu Calota, spokesperson for the Government.

In early December, the Ministry of Finance announced that companies will no longer be able to equip cash registers only with paper rolls for keeping track of transactions, but with an electronic journal connected to a central server of ANAF. The paper rolls will be kept however to print tax receipt.

Going from paper rolls to electronic journals will especially help with VAT evasion, the minister of Finances said earlier in the month.

“Romania is the only country in Europe that still uses cash registers with paper rolls (…) We will make this transition in several steps and we will allow people a year and a half to make the switch”, Ioana Petrescu said then, former minister of Pugblic finances.

BR Magazine | Latest Issue

Download PDF: Business Review Magazine March (II) 2024 Issue

The March (II) 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “BAT DBS Romania Hub: A Vibrant New Office For An Employee-Centric
Newsroom | 27/03/2024 | 17:32
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue