Wednesday, August 15 2018 17:13
Naira Badalian

Tax authority notifies: New generation cash registers will issue  receipts that disclose both parties of transaction

Tax authority notifies: New generation cash registers will issue  receipts that disclose both parties of transaction

ArmInfo.The software solution, providing issuance of cash vouchers with an indication of taxpayer ID numbers (TIN), is available on all new generation cash registers.  This was reported by the press service of the State Revenue Committee  (SRC) of Armenia.

As the tax authority recalls, according to paragraph 4, part 3, art.  381 of the Tax Code of Armenia, when issuing a cash voucher to a  company representative, self-employed entrepreneur, a notary officer  or his/her representative, the TIN of the organization, self-employed  entrepreneur or a notary officer buying the goods, receiving the work  and / or service should be shown on this document. "To ensure the  fulfillment of this requirement, a program change was made, as a  result, all taxpayers using cash registers of the new generation,  have a service for issuing a cash voucher indicating the TIN of the  organization, entrepreneur or the notary buying the good, work and /  or service" , the statement of the SRC informs.

It is noted that on the official website of the Armenian  SRC(www.petekamutner.am), in the "electronic services" section of the  tax service, in the "how to register and use the new generation cash  register" sub- section "cash registers of the new generation", one  can find all the necessary materials , and a step-by-step instruction  for integrating this system.

Earlier ArmInfo had informed that back in December 2017,  when the  country's financial authorities were discussing a package of  tax  changes, it was decided to accept a cash voucher as a  justification  for confirming costs, if it contains information about  both sides of  the deal. As a result the State Revenue Committee was obliged before   July 1, 2018 to regulate the issue and create appropriate technical   capabilities. "Unfortunately, due to subjective and objective  reasons, we were not able to carry out the process until July 1,"  Ananyan said. He informed that as of July 5, the department completed  process of developing an appropriate software solution. Starting from   this moment, the next generation cash registers can issue checks,   which show both sides of the transaction. But, as Ananyan explained   in order to implement this process, the State Revenue Committee   should come up with a legislative initiative.  Meanwhile, the    National Assembly is on vacation at the moment, and the proposal of   the tax authorities will be considered at best in September this  year. "I think that starting from January 1, 2019, the cash receipt,   which fully identifies both sides of the transaction, will become a   document confirming the expenses," he said. At the same time starting   from January 1, 2019, old- generation cash receipts will not be  valid. Thus, if everything goes according to the plan, starting from  January 1, 2019, business entities-organizations or a self- employed  entrepreneur in order to justify their expenses in the tax authority  will only have to present their individual taxpayer number (TIN) to  the cashier. The cashier finds the organization in the database and  its TIN is printed on the check.

Meanwhile, from January 1, 2018, the Armenian business has been  deprived of the opportunity to confirm in the tax authority any costs  - starting from toilet paper, to restaurant lunches with business  partners - without having an invoice. Today, it is not known what  percentage of economic entities are still working with old cash  registers (they will be valid until January 1, 2019) "I can only say  that a sufficient number of new cash registers have been delivered to  the relevant warehouses. Moreover, they will be provided to  businesses of border communities for free (the maximum price of  registers is 160 thousand AMD.) ", - he said. In addition, according  to the head of the State Revenue Committee, the department plans to  completely liberalize the provision and implementation of cash  registers. Until now, it has been monopolized by the state  non-governmental organization ''Office for the Implementation of Cash  Registers'', which was established specifically for this purpose.

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