Sales Records: Which Payments Must Be Registered and Which Are Exempt?

• Sales records cover both cash and non-cash payments made using all common payment methods.
• Non-cash payments not meeting “contact payment” requirements (e.g., remote or online payments) are generally not recorded in sales records.
• Cash payments received outside the taxpayer’s premises or without personal contact are still subject to sales records, except when an intermediary collects and transfers the cash.
• Offsetting deposits or security payments made by contact payment are included in sales records.
• Cash advances are subject to sales registration if they relate to income that meets the requirements for recorded sales and are not exempt.

Source: fiscal-requirements.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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