Expanding into the Fiscal Countries

Going international is a huge opportunity for retailers and their partners, in particular pointing to the
point-of-sale (POS) software providers, but operating in the countries that use fiscalization poses
significant challenges.

As the common goal of all so-called fiscal countries is to avoid retailer fraud, each of the countries has
designed and implemented its own fiscal regulations. Ultimately, all business transactions must be
recorded and appropriate taxes must be paid.

Some of the areas covered by the regulations are as follows:
✓ type of fiscalization (e.g., software, hardware, or fiscalization based on mandatory security
device for signing transactions),
✓ type of communication between the point of sale and Tax Authority,
✓ payment types and media,
✓ business processes (e.g., sales, voucher handling, discounts, returns, item exchange, voids,
cancellation, advance payment, deferred payment, payment correction, POS out of order, etc.),
✓ receipt requirements,
✓ reporting,
✓ archiving of transactions, etc.

Source: jbfiscalconsulting.com

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