- Germany’s federal cabinet approved a draft law to expand electronic cash-register use and make digital receipts the standard from 2028, pending enactment.
- Businesses with annual turnover above EUR 100,000 would have to replace open cash boxes with electronic cash-register systems.
- Taxpayers with annual cash turnover below EUR 12,000 would be exempt.
- The measure is intended to digitize tax records, improve traceability of cash transactions, and reduce tax evasion.
Source: fonoa.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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