VATupdate

Ministry of Finance Announces Amendments Concerning Documenting of Cash Sales

Source Ministry of Finance

Press release

31.07.2020

In connection with the public response, resulting from the introduction of requirements for reporting sales through sales management software in retail outlets (SUPTO) and the many signals of increasing administrative burdens and business costs that these requirements create, especially in the conditions of the pandemic of COVID-19, which posed a number of challenges to economic operators, amendments to the Value Added Tax Act (VAT) are currently being prepared to repeal the requirements for SUPTO. After the entry into force of the amendments to the VAT Act, the Ministry of Finance is ready to bring Ordinance H-18 of 2006 on registration and reporting through fiscal devices of sales in retail outlets, the requirements for software for their management and requirements for individuals,  

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