Digital VAT/GST and Other Indirect Tax Administration for B2C Taxpayers
Increase Tax Revenue Collection from Retail and Boost Consumer Demand for Valid Receipts
info@taxtech.digital www.taxtech.digital
Table of Content
Online management of electronic cash registers for tax administrations helps boost consumer demand for valid receipts and increases retail tax collection
Foreword: technology approach in fighting tax evasion and fraud in retail
Risks mitigation and increased tax revenue collection
OECR implementation roadmap
Retail industry in the global economy and the role of cash in tax evasion
Online Electronic Cash Registers (OECR) concept and key capabilities
Case study: DTT helped to increase national retail VAT collection by 37%
Traditional approach is not sufficient to combat tax evasion in retail
Public control over receipts handling
Exhibits
Foreword
Technology Approach In Fighting Tax Evasion And Fraud
Many tax administrations around the world face specific forms of tax evasion: understated revenues using unaccounted cash (mostly present in cash-based transactions in B2C) and inflating deductions through fake invoices (mostly in B2B).
Tax evasion and fraud can be facilitated by the habits of the traditional cash economy and by the growth of sharing (or online) economy.
In the past, identifying underreported revenue and overstatement of tax deductions has been difficult for tax administrations, requiring a lot of time and manual effort. This is changing. Many fiscal authorities are now implementing technology solutions to detect taxpayers’ misconduct.
Two separate approaches are usually used to solve these problems at the country level:
1. Revenue underreporting
Implementation of an Online Electronic Cash Register management solution for retail tax administration in near real-time as detailed later in this presentation.
All POS transactions are reported “as soon as possible” to the central tax administrations and consumers are motivated to demand valid receipts from retailers to perform public control.
2. Overstatement of tax deductions
Implementation of eVAT/e-Invoices management solution via mandatory reporting of all issued invoices/pro forma invoices and their cross-validation by central tax administrations.
About Us
Digital Tax Technologies (DTT) is an international expert in tax gap minimization, a trusted digital transformation advisor & solution provider for national tax administrations.
We help tax administrations around the world to reduce the tax gap, improve tax revenue collection and reduce the share of the shadow economy.
Our mission is to increase global fiscal transparency, improve tax compliance and administration, and ensure fair competition and welfare.
Our team consists of experts with experience in digital tax administration advisory and implementation in various European, CIS, Middle East, and African countries.
info@taxtech.digital https://taxtech.digital
Tax Gap Analysis and Digital Transformation Advisory for Tax AdministrationsDigitalTaxTechnologi
Tax Gap Analysis and Digital Transformation Advisory for Tax Administrations
Tax gap reduction
Increased tax revenue collection Decreased costs of tax administration
info@taxtech.digital https://taxtech.digital
Digital Tax Technologies (DTT) is an international expert in tax gap minimization, a trusted digital transformation advisor & solution provider for national tax administrations.
We help tax administrations around the world to reduce the tax gap, improve tax revenue collection and reduce the share of the shadow economy.
Our mission is to increase global fiscal transparency, improve tax compliance and administration, and ensure fair competition and welfare.
Our team consists of experts with experience in digital tax administration advisory and implementation in various European, CIS, Middle East, and African countries.
Tax Gap Minimization Strategy
To realize when and where the state loses potential taxes government should:
Apply the concept of the tax gap
Evaluate tax gaps for the main taxes
Develop a tax gap minimization strategy
Digital Tax Administration Concept
To minimize the tax gap revenue, tax authorities should:
Develop a concept of digital tax administration using objective data about taxpayers and the tax base
Build the digital infrastructure for data collection and interaction with taxpayers
Digital Transformation Roadmap and Implementation Plan
The digital tax administration concept should include a roadmap and implementation plan
With key initiatives aimed at minimizing the tax gap and increasing the collection of tax and excise revenues
Experience and Contacts
We are a global team of tax and digital experts working with tax administrations, global tax consultants, and top technology providers on the most important aspects of the digital transformation of national tax systems.
Our key areas of expertise are:
Digital transformation of tax administrations and transition to the real-time economy for the tax gap reduction
Implementation of digital track & trace solutions Implementation of online cash registers
Effective taxation of platform sellers and self-employed taxpayers in sharing and gig economies with eVAT / eInvoicing solutions
Advanced analytics/Big Data/AI for value-added tax administration Tailor-made and off-the-shelf software product development
End-to-end IT solutions design, implementation & support in cooperation with top software & hardware vendors and tax consultants
Contact Us for More Details
info@taxtech.digital https://taxtech.digital
National Tax Gap Minimization and Digital Transformation Solutions for Improved Tax Administration.
Modern TaxTech Solutions For Tax Gaps Reduction and Improved Tax Administration.
Tax gap minimization.
Increased tax revenue collection.
Decreased costs of tax administration.
info@digitaltaxtech.com www.taxtech.digital
Partnering with global tax consultants and top technology providers allows us to provide end-to-end digital tax transformation solutions that are nonintrusive and compatible with existing tax systems and business processes.
Our proven digital tax administration solutions cover the entire fiscal data lifecycle for large and complex national digital transformation projects. We use flexible technology stack enabling easy integration with legacy and third-party systems.
Our team of international experts has experience and knowledge gained from implementation of many nationwide digital transformation projects for tax administrations in various European, CIS, Middle East and African countries.
Implementation of our Digital Tax Administration Solutions can increase VAT collection up to 150%, excise collection up to 700% and move millions of self-employed out of shadows.
The difference between the revenue potential (legal) and the actual revenue collected is the “Tax Gap“.
Sources of the tax gap:
- tax evasion
- tax avoidance due to benefits
- established by law (legal tax gap)
The document discusses taxation issues related to the ICT sector. It outlines several objectives and interventions that could be taken by governments and institutions to optimize taxation for economic growth. These include designing tax regimes focused on economic growth over short-term revenue goals, analyzing the impact of increasing or decreasing excise duties, and shifting business models from fee-based to financial intermediation. Lowering ICT sector taxes is linked to increased GDP growth and jobs. Case studies from Kenya show how high ICT taxes can limit economic growth, and lowering excise duties may actually increase tax revenues in the long run. Mobile money also brings significant economic benefits by facilitating financial inclusion, but taxes on transaction values could quickly consume the money supply.
The document discusses the potential benefits of digital payments for government services and citizen transactions. It notes that shifting transactions online could save the UK government £1.8 billion annually. Implementing digital payments could streamline processes, reducing paperwork and administration costs while enhancing financial inclusion. Digital payments offer flexibility and convenience for citizens while increasing accountability over how funds are spent. Widespread adoption of digital payments for government services could significantly reduce costs and improve efficiencies for both the government and citizens.
Tax in Real Time: How Digital Platforms Will Redefine Future Tax Systemsaccenture
We sat down with a wide array of finance experts, from professors to heads of international tax, from around the world –to get their take on the future of tax.
This document provides an overview of indirect tax rates around the world, broken down by region. It lists the standard VAT/GST rate and any other rates that may apply in each country. For example, in Africa it lists that the standard VAT rate in Botswana is 12% with no other rates, while in Egypt the standard rate is 10% with rates ranging from 5-15%. It also provides brief summaries of customs duty and how it interacts with other indirect taxes. The document aims to give readers a quick reference to indirect tax rates globally.
Out of the shadows with fiscal compliance technology White Paper Retail Innov...Marie Ivarsson
This document discusses the problem of tax evasion through the use of digital technologies like sales suppression software in point-of-sale systems. It notes that the shadow economy costs countries vast amounts in lost tax revenue. Specifically, it focuses on underreporting of sales in the retail and hospitality sectors through techniques like "zappers" which are add-on software, and "phantomware" which is pre-installed hidden software. Both types of sales suppression software can delete or alter sales records to help business owners evade taxes by reducing reported income. The document advocates for the use of fiscal compliance technologies and legislative frameworks to help prevent such tax fraud and generate additional tax revenue.
This document discusses the evolving e-commerce landscape in Italy, with three main points:
1) It outlines the growth of e-commerce in Italy pre- and post-COVID-19, noting significant increases in online purchases during the pandemic across several categories.
2) It covers new payment regulations like PSD2 and the importance of strong authentication for online transactions.
3) It provides an overview of the role payment service providers (PSPs) can play in merchants' e-commerce strategies, including optimizing checkout, expanding payment options, and leveraging payments data to improve sales.
Tax Gap Analysis and Digital Transformation Advisory for Tax AdministrationsDigitalTaxTechnologi
Tax Gap Analysis and Digital Transformation Advisory for Tax Administrations
Tax gap reduction
Increased tax revenue collection Decreased costs of tax administration
info@taxtech.digital https://taxtech.digital
Digital Tax Technologies (DTT) is an international expert in tax gap minimization, a trusted digital transformation advisor & solution provider for national tax administrations.
We help tax administrations around the world to reduce the tax gap, improve tax revenue collection and reduce the share of the shadow economy.
Our mission is to increase global fiscal transparency, improve tax compliance and administration, and ensure fair competition and welfare.
Our team consists of experts with experience in digital tax administration advisory and implementation in various European, CIS, Middle East, and African countries.
Tax Gap Minimization Strategy
To realize when and where the state loses potential taxes government should:
Apply the concept of the tax gap
Evaluate tax gaps for the main taxes
Develop a tax gap minimization strategy
Digital Tax Administration Concept
To minimize the tax gap revenue, tax authorities should:
Develop a concept of digital tax administration using objective data about taxpayers and the tax base
Build the digital infrastructure for data collection and interaction with taxpayers
Digital Transformation Roadmap and Implementation Plan
The digital tax administration concept should include a roadmap and implementation plan
With key initiatives aimed at minimizing the tax gap and increasing the collection of tax and excise revenues
Experience and Contacts
We are a global team of tax and digital experts working with tax administrations, global tax consultants, and top technology providers on the most important aspects of the digital transformation of national tax systems.
Our key areas of expertise are:
Digital transformation of tax administrations and transition to the real-time economy for the tax gap reduction
Implementation of digital track & trace solutions Implementation of online cash registers
Effective taxation of platform sellers and self-employed taxpayers in sharing and gig economies with eVAT / eInvoicing solutions
Advanced analytics/Big Data/AI for value-added tax administration Tailor-made and off-the-shelf software product development
End-to-end IT solutions design, implementation & support in cooperation with top software & hardware vendors and tax consultants
Contact Us for More Details
info@taxtech.digital https://taxtech.digital
National Tax Gap Minimization and Digital Transformation Solutions for Improved Tax Administration.
Modern TaxTech Solutions For Tax Gaps Reduction and Improved Tax Administration.
Tax gap minimization.
Increased tax revenue collection.
Decreased costs of tax administration.
info@digitaltaxtech.com www.taxtech.digital
Partnering with global tax consultants and top technology providers allows us to provide end-to-end digital tax transformation solutions that are nonintrusive and compatible with existing tax systems and business processes.
Our proven digital tax administration solutions cover the entire fiscal data lifecycle for large and complex national digital transformation projects. We use flexible technology stack enabling easy integration with legacy and third-party systems.
Our team of international experts has experience and knowledge gained from implementation of many nationwide digital transformation projects for tax administrations in various European, CIS, Middle East and African countries.
Implementation of our Digital Tax Administration Solutions can increase VAT collection up to 150%, excise collection up to 700% and move millions of self-employed out of shadows.
The difference between the revenue potential (legal) and the actual revenue collected is the “Tax Gap“.
Sources of the tax gap:
- tax evasion
- tax avoidance due to benefits
- established by law (legal tax gap)
The document discusses taxation issues related to the ICT sector. It outlines several objectives and interventions that could be taken by governments and institutions to optimize taxation for economic growth. These include designing tax regimes focused on economic growth over short-term revenue goals, analyzing the impact of increasing or decreasing excise duties, and shifting business models from fee-based to financial intermediation. Lowering ICT sector taxes is linked to increased GDP growth and jobs. Case studies from Kenya show how high ICT taxes can limit economic growth, and lowering excise duties may actually increase tax revenues in the long run. Mobile money also brings significant economic benefits by facilitating financial inclusion, but taxes on transaction values could quickly consume the money supply.
The document discusses the potential benefits of digital payments for government services and citizen transactions. It notes that shifting transactions online could save the UK government £1.8 billion annually. Implementing digital payments could streamline processes, reducing paperwork and administration costs while enhancing financial inclusion. Digital payments offer flexibility and convenience for citizens while increasing accountability over how funds are spent. Widespread adoption of digital payments for government services could significantly reduce costs and improve efficiencies for both the government and citizens.
Tax in Real Time: How Digital Platforms Will Redefine Future Tax Systemsaccenture
We sat down with a wide array of finance experts, from professors to heads of international tax, from around the world –to get their take on the future of tax.
This document provides an overview of indirect tax rates around the world, broken down by region. It lists the standard VAT/GST rate and any other rates that may apply in each country. For example, in Africa it lists that the standard VAT rate in Botswana is 12% with no other rates, while in Egypt the standard rate is 10% with rates ranging from 5-15%. It also provides brief summaries of customs duty and how it interacts with other indirect taxes. The document aims to give readers a quick reference to indirect tax rates globally.
Out of the shadows with fiscal compliance technology White Paper Retail Innov...Marie Ivarsson
This document discusses the problem of tax evasion through the use of digital technologies like sales suppression software in point-of-sale systems. It notes that the shadow economy costs countries vast amounts in lost tax revenue. Specifically, it focuses on underreporting of sales in the retail and hospitality sectors through techniques like "zappers" which are add-on software, and "phantomware" which is pre-installed hidden software. Both types of sales suppression software can delete or alter sales records to help business owners evade taxes by reducing reported income. The document advocates for the use of fiscal compliance technologies and legislative frameworks to help prevent such tax fraud and generate additional tax revenue.
This document discusses the evolving e-commerce landscape in Italy, with three main points:
1) It outlines the growth of e-commerce in Italy pre- and post-COVID-19, noting significant increases in online purchases during the pandemic across several categories.
2) It covers new payment regulations like PSD2 and the importance of strong authentication for online transactions.
3) It provides an overview of the role payment service providers (PSPs) can play in merchants' e-commerce strategies, including optimizing checkout, expanding payment options, and leveraging payments data to improve sales.
1) The document discusses building a sustainable tax base in Zimbabwe's deflationary economic environment.
2) A sustainable tax system should be fair, simple, equitable, and ensure those who can afford to pay the most taxes do so.
3) Initiatives to build a sustainable tax base include anti-corruption campaigns, automating processes, increasing the number of taxpayers, and supporting industry.
GST and ecommerce - from traditional to marketplace consumption via the inernetRaoul D'Cruz
The document provides an overview of developments regarding taxation of digital and e-commerce transactions, particularly regarding the goods and services tax (GST) in Australia. It notes the rapid growth of online spending and shift to marketplace models. It discusses the OECD's base erosion and profit shifting (BEPS) action plan to address tax challenges of the digital economy. It outlines measures some countries have introduced to apply GST to low-value imports from overseas suppliers. It indicates the Australian government is under pressure to apply GST to cross-border digital transactions and that legislation is forthcoming. It examines different online marketplace models and how their contractual role impacts GST liability.
Cutting Taxpayer Errors With Stronger Service Design: How More Citizen-centri...accenture
Taxpayer errors remain a major burden on revenue agencies and taxpayers alike. A system designed for the taxpayer with a stronger
service design approach will help to address this issue. We feature findings from the Accenture 2017 Taxpayer Survey. Learn more: https://accntu.re/2KrL3mx
Presentation at a Better Than Cash Alliance learning session. The presentation is based on this DIGITAX working paper: https://bit.ly/41ZWYPZ
-----
Hosted by the United Nations Capital Development Fund (UNCDF), Better Than Cash Alliance is a partnership of more than 80 governments, companies and international organizations that accelerates transition from cash to responsible digital payments to help achieve the Sustainable Development Goals.
UNCDF is the United Nations' flagship catalytic financing entity for the world's 46 least developed countries (LDCs).
06_03_DTT_EN Digital VAT Administration System Implementation for B2B - LONG ...DigitalTaxTechnologi
Digital VAT/GST Administration System Implementation Overview
Implementation of DTT solutions for digital VAT/GST administration can increase annual tax collection by up to 150%
info@taxtech.digital www.taxtech.digital
Executive Summary
DTT recommends to implement the 3rd generation of the Digital VAT/GST/Sales Tax Administration (DVA) system, integrated with existing Tax Administration’s IT systems
Expected Results
Error-free collection of the VAT data. Buyers do not submit VAT invoices and use “golden record” of sellers' invoices to reduces administration burden and number of data entry errors
Highly scalable automated VAT Administration process not dependent on the subjective judgement by taxpayers and tax officers
Elimination of the tax gaps with identification of participants and beneficiaries in VAT evasion schemes
Reduced Tax Administration’s time and resources otherwise required for performing manual control work and audits
After 3-4 years following successful system launch, implementation of DVA solutions may increase annual tax collection by up to 150%
1. Implementation of the
Base DVA solution:
• Sellers on VAT regime compulsory submit electronic VAT-invoices to Tax Administration.
• DVA system performs format-logic control and saves data in the secure Invoice Repository for further use.
• Buyers on VAT regime get online access to the “golden record” of sellers' invoices, verify its correctness and can get VAT credits and refunds.
Focus on the error-free collection of the VAT data, comparison of invoice data with tax return data and payment data, calculation and visualization of the simple tax gap
2. Implementation of the
Advanced DVA solution:
• Automatic detection of the complex Tax Gaps, VAT optimization chains, evasion participants, beneficiaries, and VAT taxpayer risk profiling.
• Digital Taxpayer Communications with notifications for voluntary gap closure.
• Automatic calculation of VAT payable; prefilled tax returns or automatic accruals with non-filing of returns.
• Integration with Taxpayer Accounting Systems for automatic invoice submission.
Focus on identifying complex tax gaps, optimization schemes, their participants and beneficiaries
DVA Implementation Project’s Goals and Objectives
Goals
To prevent VAT taxpayers from submitting erroneous invoices and tax returns and to stop intentional VAT evasion
To improve the efficiency and reduce costs of VAT administration
To increase annual VAT/GST collection up to 150%
Objectives
Implementation of the Base DVA solution ensures accurate voluntary taxpayers’ compliance by:
Preventing possible errors in submissions related to the fulfillment of VAT tax obligations
Automatic comparison of invoice data with tax return data and payment data
Automatic calculation and visualization of the simple tax gaps
info@taxtech.digital www.taxtech.digital
The New Approach For Bringing Adoption Of E Invoicing By Sm Es To The Next Le...Danny Gaethofs
Bringing adoption of the new VAT directives to the next level requires a mind shift of Tax Authorities, internal and external Tax Auditors, Businesses and Solution / Service Providers.
They all need to consider and establish a new "Compliant e-Business (e-Invoicing) approach" with less focus on the processes and technologies used (technologically neutral) but more on the end-to-end-trade process.
While innovative new technologies have been very efficient in combating traditional fraud, our research has found that digital technologies are also giving rise to new types of digital tax fraud: the increase in the number of e-filings of tax returns across geographies is driving new types of fraud using identity theft as the basis.
Another type of fraud taking shape is Zapping – using software programs to automatically skim cash from electronic cash registers (ECR) or point of sale systems.
Similarly, the growing usage of third-party payroll processors is opening up a whole new avenue of fraud where unscrupulous processors siphon off taxes due to the state.
Our analysis of these new digital tax frauds shows that inaction is not an option for tax authorities. We have modelled the evolution of tax fraud, taking into account new incidents of fraud enabled by digital technologies. Our findings are sobering for tax authorities. In a scenario where tax authorities continue to fight new tax fraud with conventional tools, we estimate digital tax fraud in the US will rise from $32 billion to $49 billion by 2020.
To combat this staggering scale of fraud, conventional methods are too slow for the digital age. Tax authorities must move away from an incremental, piecemeal approach to a much more comprehensive transformative line of attack with a long-term vision, roadmap and multifaceted solutions involving people, processes and technology.
What is the impact of inaction of tax authorities to rein in new types of digital tax fraud? How can analytics be used as an effective weapon to fight against digital tax fraud.
Paying for stuff is, unfortunately, something we do every day! Be it with cash, cards, mobile phones or with our fingerprints and faces, we send money from one account to another. Globally speaking, cash is still king, but the payment experience is undergoing radical disruption which for the time being especially involves the act of payment more than the processing that goes on behind it. This presentation provides a description of payment processes and the new trends that are slowly but surely re-shaping the way we pay money. The authors are Philippe Collombel, Nico Valenti Gatto and Tanguy Confavreux who all work for Partech Ventures, a global venture capital fund with offices in San Francisco, Paris, Berlin and Dakar.
Tax management within multinational enterprises (MNEs) has never been more challenging. 'Getting to grips with the BEPS Action Plan' is the latest Grant Thornton report exploring the OECD’s planned overhaul of the international tax system, what it means for businesses and how they can prepare.
The document discusses the transition to digital tax administration systems around the world. It notes that many countries are implementing requirements for electronic tax filing, invoicing, and accounting. This allows tax authorities to collect real-time transaction data from taxpayers and better analyze that data using tools like data matching, analytics, and artificial intelligence. The benefits of digital tax systems include improved timeliness, transparency, and control over revenue leakage. However, challenges include setting up the necessary IT infrastructure and ensuring all taxpayers can submit data in the required format.
The document discusses India's National e-Governance Plan (NeGP) and its implementation of e-governance initiatives. Key points include:
- NeGP aims to improve access and efficiency of government services through IT applications. It includes 31 Mission Mode Projects across central, state and integrated services.
- The Income Tax Department's e-filing portal allows taxpayers to file returns and access services online, reducing costs and time compared to manual filing. However, more individuals need to use online services.
- A study found corporate users benefited more from online services in terms of reduced trips, waiting time, and bribes. Individual users saw some benefits but the system needs to be simplified further.
-
In 2014, electronic payment fraud in Nigeria increased significantly. Internet banking and ATM transactions saw the highest fraud values, with attempted fraud reaching NGN 7.75 billion while actual losses were NGN 6.21 billion. Fraud peaked in the third quarter of 2014. While 1,461 fraud incidents were reported, only 41 suspects were apprehended, highlighting the need for improved collaboration between financial institutions and law enforcement to combat electronic payment fraud in Nigeria.
The document discusses cash vs cashless economies in India. A cash economy relies on physical money for transactions while a cashless economy uses digital payments like credit/debit cards and e-wallets. Currently 95% of transactions in India are cash-based. Moving to a cashless system could reduce tax avoidance, crime, and costs of printing money while increasing economic growth, transparency, and revenue collection. However, challenges include security/privacy concerns, lack of infrastructure in rural areas, and potential for increased overspending and hacking risks. The document provides suggestions like strengthening authentication, expanding infrastructure, and removing fees on digital payments to facilitate India's transition to a more cashless economy.
The AL-Tax Center (Albanian Taxation Association) in this paper has introduced the challenges in the Central Tax
Administration focusing the discussion in the strategy work and in the structure based in governs priorities in this
year and in coming years.
The purpose of introducing this paper is about attracting the attention of lawmakers, taxpayers, international tax
administrators and the media.
This document is prepared by the experts of AL-TAX Center, in a series of thematic collections, with the aim of
becoming a source of discussion for all those interested that have integral relationships with taxes, organization of
administration and the implementation of their practices.
Digitalisation of your interaction with HMRCMartin Jack
Simon will discuss some ideas around digitisation and its increasing relevance in business.
Making Tax Digital (MTD) – is this HMRC turning into Big Brother?
Social Media – not just a potential HR issue at work
The future of reporting to HMRC and how they will monitor it
The document discusses various technologies used for automating trade settlement processes, including invoice creation, delivery, and payment. It describes electronic invoicing and payment solutions from Citi, SWIFT, IATA, and others. It also discusses electronic funds transfer, ACH payments, electronic bill presentment and payment, and services like PayPal that allow online money transfers as alternatives to paper-based payments. The automation of these processes brings benefits like improved cash flow visibility, faster payment times, and lower costs compared to traditional paper-based methods.
FACTORS AFFECTING TAX COMPLIANCE AMONG SMALL AND MEDIUM ENTERPRISES IN KITALE...paperpublications3
Abstract:This study seeks to establish factors affecting tax compliance by Small and Medium Enterprises, with special emphasis on Income Tax and Value Added Tax and their effects on government revenue. Tax compliance level which is internal factor affecting tax revenue not only undermines tax administration infrastructure but also makes the tax base narrow and inequitable. The objectives of the study include establishing the influence of compliance cost, fines and penalties and attitudes of tax compliance among Small and Medium Enterprises. The study adopts a descriptive research design involving both qualitative and quantitative research methodology. The target population was 200, out of which a sample size of 132 respondents were drawn, using stratified and simple random sampling. Questionnaires were used to collect primary data from the respondents, which were analyzed using SPSS applying both descriptive and inferential analysis. There was a positive relationship between the tax and compliance cost (r=.514), fines and penalties (r=.415) attitudes (r=.546) and tax compliance. The findings showed that compliance cost, fines and penalties and attitude had significant relationship with tax compliance. It is recommended that the tax system should provide a clear and simple guideline on how to fill tax returns but also enhance taxpayer education services to enable the taxpayers understand their rights and obligations as taxpayers, there should be moderate levels of fines and taxes so that SMEs are encouraged to comply since they will keep accurate records for taxation purposes in order to avoid fines and penalties.
Keywords: Direct tax, Indirect tax, Medium enterprise, Productive expenditure, tax evasion, tax impact.
The document discusses issues with Pakistan's current tax system and proposes reforms. It notes that the complex tax regime creates difficulties for businesses and discourages foreign investment. The system includes many withholding taxes that increase costs and are not present in peer countries. It is proposed that Pakistan establish an independent national tax authority to simplify laws, coordinate between federal and provincial authorities, and recruit tax officials through a single civil service. The goal is to establish a new social contract with taxpayers by making compliance less burdensome and growing the formal economy.
The document discusses the growth of e-invoicing and its benefits. It notes that e-invoicing adoption is increasing at around 20% annually due to factors like EU directives promoting standardization, the move toward digitization of business processes, and the use of cloud services. E-invoicing provides benefits like reduced costs, improved visibility and workflow, and lower DSO which can improve cash flow.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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1) The document discusses building a sustainable tax base in Zimbabwe's deflationary economic environment.
2) A sustainable tax system should be fair, simple, equitable, and ensure those who can afford to pay the most taxes do so.
3) Initiatives to build a sustainable tax base include anti-corruption campaigns, automating processes, increasing the number of taxpayers, and supporting industry.
GST and ecommerce - from traditional to marketplace consumption via the inernetRaoul D'Cruz
The document provides an overview of developments regarding taxation of digital and e-commerce transactions, particularly regarding the goods and services tax (GST) in Australia. It notes the rapid growth of online spending and shift to marketplace models. It discusses the OECD's base erosion and profit shifting (BEPS) action plan to address tax challenges of the digital economy. It outlines measures some countries have introduced to apply GST to low-value imports from overseas suppliers. It indicates the Australian government is under pressure to apply GST to cross-border digital transactions and that legislation is forthcoming. It examines different online marketplace models and how their contractual role impacts GST liability.
Cutting Taxpayer Errors With Stronger Service Design: How More Citizen-centri...accenture
Taxpayer errors remain a major burden on revenue agencies and taxpayers alike. A system designed for the taxpayer with a stronger
service design approach will help to address this issue. We feature findings from the Accenture 2017 Taxpayer Survey. Learn more: https://accntu.re/2KrL3mx
Presentation at a Better Than Cash Alliance learning session. The presentation is based on this DIGITAX working paper: https://bit.ly/41ZWYPZ
-----
Hosted by the United Nations Capital Development Fund (UNCDF), Better Than Cash Alliance is a partnership of more than 80 governments, companies and international organizations that accelerates transition from cash to responsible digital payments to help achieve the Sustainable Development Goals.
UNCDF is the United Nations' flagship catalytic financing entity for the world's 46 least developed countries (LDCs).
06_03_DTT_EN Digital VAT Administration System Implementation for B2B - LONG ...DigitalTaxTechnologi
Digital VAT/GST Administration System Implementation Overview
Implementation of DTT solutions for digital VAT/GST administration can increase annual tax collection by up to 150%
info@taxtech.digital www.taxtech.digital
Executive Summary
DTT recommends to implement the 3rd generation of the Digital VAT/GST/Sales Tax Administration (DVA) system, integrated with existing Tax Administration’s IT systems
Expected Results
Error-free collection of the VAT data. Buyers do not submit VAT invoices and use “golden record” of sellers' invoices to reduces administration burden and number of data entry errors
Highly scalable automated VAT Administration process not dependent on the subjective judgement by taxpayers and tax officers
Elimination of the tax gaps with identification of participants and beneficiaries in VAT evasion schemes
Reduced Tax Administration’s time and resources otherwise required for performing manual control work and audits
After 3-4 years following successful system launch, implementation of DVA solutions may increase annual tax collection by up to 150%
1. Implementation of the
Base DVA solution:
• Sellers on VAT regime compulsory submit electronic VAT-invoices to Tax Administration.
• DVA system performs format-logic control and saves data in the secure Invoice Repository for further use.
• Buyers on VAT regime get online access to the “golden record” of sellers' invoices, verify its correctness and can get VAT credits and refunds.
Focus on the error-free collection of the VAT data, comparison of invoice data with tax return data and payment data, calculation and visualization of the simple tax gap
2. Implementation of the
Advanced DVA solution:
• Automatic detection of the complex Tax Gaps, VAT optimization chains, evasion participants, beneficiaries, and VAT taxpayer risk profiling.
• Digital Taxpayer Communications with notifications for voluntary gap closure.
• Automatic calculation of VAT payable; prefilled tax returns or automatic accruals with non-filing of returns.
• Integration with Taxpayer Accounting Systems for automatic invoice submission.
Focus on identifying complex tax gaps, optimization schemes, their participants and beneficiaries
DVA Implementation Project’s Goals and Objectives
Goals
To prevent VAT taxpayers from submitting erroneous invoices and tax returns and to stop intentional VAT evasion
To improve the efficiency and reduce costs of VAT administration
To increase annual VAT/GST collection up to 150%
Objectives
Implementation of the Base DVA solution ensures accurate voluntary taxpayers’ compliance by:
Preventing possible errors in submissions related to the fulfillment of VAT tax obligations
Automatic comparison of invoice data with tax return data and payment data
Automatic calculation and visualization of the simple tax gaps
info@taxtech.digital www.taxtech.digital
The New Approach For Bringing Adoption Of E Invoicing By Sm Es To The Next Le...Danny Gaethofs
Bringing adoption of the new VAT directives to the next level requires a mind shift of Tax Authorities, internal and external Tax Auditors, Businesses and Solution / Service Providers.
They all need to consider and establish a new "Compliant e-Business (e-Invoicing) approach" with less focus on the processes and technologies used (technologically neutral) but more on the end-to-end-trade process.
While innovative new technologies have been very efficient in combating traditional fraud, our research has found that digital technologies are also giving rise to new types of digital tax fraud: the increase in the number of e-filings of tax returns across geographies is driving new types of fraud using identity theft as the basis.
Another type of fraud taking shape is Zapping – using software programs to automatically skim cash from electronic cash registers (ECR) or point of sale systems.
Similarly, the growing usage of third-party payroll processors is opening up a whole new avenue of fraud where unscrupulous processors siphon off taxes due to the state.
Our analysis of these new digital tax frauds shows that inaction is not an option for tax authorities. We have modelled the evolution of tax fraud, taking into account new incidents of fraud enabled by digital technologies. Our findings are sobering for tax authorities. In a scenario where tax authorities continue to fight new tax fraud with conventional tools, we estimate digital tax fraud in the US will rise from $32 billion to $49 billion by 2020.
To combat this staggering scale of fraud, conventional methods are too slow for the digital age. Tax authorities must move away from an incremental, piecemeal approach to a much more comprehensive transformative line of attack with a long-term vision, roadmap and multifaceted solutions involving people, processes and technology.
What is the impact of inaction of tax authorities to rein in new types of digital tax fraud? How can analytics be used as an effective weapon to fight against digital tax fraud.
Paying for stuff is, unfortunately, something we do every day! Be it with cash, cards, mobile phones or with our fingerprints and faces, we send money from one account to another. Globally speaking, cash is still king, but the payment experience is undergoing radical disruption which for the time being especially involves the act of payment more than the processing that goes on behind it. This presentation provides a description of payment processes and the new trends that are slowly but surely re-shaping the way we pay money. The authors are Philippe Collombel, Nico Valenti Gatto and Tanguy Confavreux who all work for Partech Ventures, a global venture capital fund with offices in San Francisco, Paris, Berlin and Dakar.
Tax management within multinational enterprises (MNEs) has never been more challenging. 'Getting to grips with the BEPS Action Plan' is the latest Grant Thornton report exploring the OECD’s planned overhaul of the international tax system, what it means for businesses and how they can prepare.
The document discusses the transition to digital tax administration systems around the world. It notes that many countries are implementing requirements for electronic tax filing, invoicing, and accounting. This allows tax authorities to collect real-time transaction data from taxpayers and better analyze that data using tools like data matching, analytics, and artificial intelligence. The benefits of digital tax systems include improved timeliness, transparency, and control over revenue leakage. However, challenges include setting up the necessary IT infrastructure and ensuring all taxpayers can submit data in the required format.
The document discusses India's National e-Governance Plan (NeGP) and its implementation of e-governance initiatives. Key points include:
- NeGP aims to improve access and efficiency of government services through IT applications. It includes 31 Mission Mode Projects across central, state and integrated services.
- The Income Tax Department's e-filing portal allows taxpayers to file returns and access services online, reducing costs and time compared to manual filing. However, more individuals need to use online services.
- A study found corporate users benefited more from online services in terms of reduced trips, waiting time, and bribes. Individual users saw some benefits but the system needs to be simplified further.
-
In 2014, electronic payment fraud in Nigeria increased significantly. Internet banking and ATM transactions saw the highest fraud values, with attempted fraud reaching NGN 7.75 billion while actual losses were NGN 6.21 billion. Fraud peaked in the third quarter of 2014. While 1,461 fraud incidents were reported, only 41 suspects were apprehended, highlighting the need for improved collaboration between financial institutions and law enforcement to combat electronic payment fraud in Nigeria.
The document discusses cash vs cashless economies in India. A cash economy relies on physical money for transactions while a cashless economy uses digital payments like credit/debit cards and e-wallets. Currently 95% of transactions in India are cash-based. Moving to a cashless system could reduce tax avoidance, crime, and costs of printing money while increasing economic growth, transparency, and revenue collection. However, challenges include security/privacy concerns, lack of infrastructure in rural areas, and potential for increased overspending and hacking risks. The document provides suggestions like strengthening authentication, expanding infrastructure, and removing fees on digital payments to facilitate India's transition to a more cashless economy.
The AL-Tax Center (Albanian Taxation Association) in this paper has introduced the challenges in the Central Tax
Administration focusing the discussion in the strategy work and in the structure based in governs priorities in this
year and in coming years.
The purpose of introducing this paper is about attracting the attention of lawmakers, taxpayers, international tax
administrators and the media.
This document is prepared by the experts of AL-TAX Center, in a series of thematic collections, with the aim of
becoming a source of discussion for all those interested that have integral relationships with taxes, organization of
administration and the implementation of their practices.
Digitalisation of your interaction with HMRCMartin Jack
Simon will discuss some ideas around digitisation and its increasing relevance in business.
Making Tax Digital (MTD) – is this HMRC turning into Big Brother?
Social Media – not just a potential HR issue at work
The future of reporting to HMRC and how they will monitor it
The document discusses various technologies used for automating trade settlement processes, including invoice creation, delivery, and payment. It describes electronic invoicing and payment solutions from Citi, SWIFT, IATA, and others. It also discusses electronic funds transfer, ACH payments, electronic bill presentment and payment, and services like PayPal that allow online money transfers as alternatives to paper-based payments. The automation of these processes brings benefits like improved cash flow visibility, faster payment times, and lower costs compared to traditional paper-based methods.
FACTORS AFFECTING TAX COMPLIANCE AMONG SMALL AND MEDIUM ENTERPRISES IN KITALE...paperpublications3
Abstract:This study seeks to establish factors affecting tax compliance by Small and Medium Enterprises, with special emphasis on Income Tax and Value Added Tax and their effects on government revenue. Tax compliance level which is internal factor affecting tax revenue not only undermines tax administration infrastructure but also makes the tax base narrow and inequitable. The objectives of the study include establishing the influence of compliance cost, fines and penalties and attitudes of tax compliance among Small and Medium Enterprises. The study adopts a descriptive research design involving both qualitative and quantitative research methodology. The target population was 200, out of which a sample size of 132 respondents were drawn, using stratified and simple random sampling. Questionnaires were used to collect primary data from the respondents, which were analyzed using SPSS applying both descriptive and inferential analysis. There was a positive relationship between the tax and compliance cost (r=.514), fines and penalties (r=.415) attitudes (r=.546) and tax compliance. The findings showed that compliance cost, fines and penalties and attitude had significant relationship with tax compliance. It is recommended that the tax system should provide a clear and simple guideline on how to fill tax returns but also enhance taxpayer education services to enable the taxpayers understand their rights and obligations as taxpayers, there should be moderate levels of fines and taxes so that SMEs are encouraged to comply since they will keep accurate records for taxation purposes in order to avoid fines and penalties.
Keywords: Direct tax, Indirect tax, Medium enterprise, Productive expenditure, tax evasion, tax impact.
The document discusses issues with Pakistan's current tax system and proposes reforms. It notes that the complex tax regime creates difficulties for businesses and discourages foreign investment. The system includes many withholding taxes that increase costs and are not present in peer countries. It is proposed that Pakistan establish an independent national tax authority to simplify laws, coordinate between federal and provincial authorities, and recruit tax officials through a single civil service. The goal is to establish a new social contract with taxpayers by making compliance less burdensome and growing the formal economy.
The document discusses the growth of e-invoicing and its benefits. It notes that e-invoicing adoption is increasing at around 20% annually due to factors like EU directives promoting standardization, the move toward digitization of business processes, and the use of cloud services. E-invoicing provides benefits like reduced costs, improved visibility and workflow, and lower DSO which can improve cash flow.
Similar to Digital VAT/GST and Other Indirect Tax Administration for B2C Taxpayers (20)
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
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Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
How Does CRISIL Evaluate Lenders in India for Credit Ratings
Digital VAT/GST and Other Indirect Tax Administration for B2C Taxpayers
1. Trusted Global Tax Gap Advisor &
Digital Solution Provider for Tax
Administrations
Digital VAT/GST and Other
Indirect Tax Administration for
B2C Taxpayers
Increase Tax Revenue Collection from Retail and
Boost Consumer Demand for Valid Receipts
info@taxtech.digital
www.taxtech.digital
G100
2. Table of
Content
Online management of
electronic cash registers
for tax administrations
helps boost consumer
demand for valid
receipts and increases
retail tax collection
2
Foreword:
technology
approach in fighting
tax evasion and
fraud in retail
Retail industry in
the global economy
and the role of cash
in tax evasion
Traditional
approach is not
sufficient to combat
tax evasion in retail
Risks mitigation
and increased tax
revenue collection
Online Electronic
Cash Registers
(OECR) concept and
key capabilities
Public control over
receipts handling
OECR
implementation
roadmap
Case study: DTT
helped to increase
national retail VAT
collection by 37%
Exhibits
3. Foreword
Technology
Approach In
Fighting Tax
Evasion And
Fraud
Many tax administrations around the world face specific forms of tax evasion: understated
revenues using unaccounted cash (mostly present in cash-based transactions in B2C) and inflating
deductions through fake invoices (mostly in B2B).
Tax evasion and fraud can be facilitated by the habits of the traditional cash economy and by the
growth of sharing (or online) economy.
In the past, identifying underreported revenue and overstatement of tax deductions has been
difficult for tax administrations, requiring a lot of time and manual effort. This is changing. Many
fiscal authorities are now implementing technology solutions to detect taxpayers’ misconduct.
Two separate approaches are usually used to solve these problems at the country level:
1. Revenue underreporting
Implementation of an Online Electronic Cash Register management solution for retail tax
administration in near real-time as detailed later in this presentation.
All POS transactions are reported “as soon as possible” to the central tax administrations and
consumers are motivated to demand valid receipts from retailers to perform public control.
2. Overstatement of tax deductions
Implementation of eVAT/e-Invoices management solution via mandatory reporting of all issued
invoices/pro forma invoices and their cross-validation by central tax administrations.
3
4. Transition To
Online
Electronic Cash
Registers
(OECRs)
Improves Fiscal
Transparency
and Tax
Compliance in
Retail (B2C)
4
The success of modern tax administrations is increasingly becoming dependent on access to
data flows, including in real-time.
One of the most important data flows for tax compliance purposes is information on retail
income. It is also one of the most important economic indicators, characterizing consumer
confidence and the health of the economy.
Cash registers provide a key source of original retail data for tax administrations and auditors.
Several Tax Administrations already started testing new solutions enabling online access to retail
sales data generated by online electronic cash registers equipped with secure fiscal data units
and transmitting data in real time to the tax systems.
Following successful pilots, legislation should be introduced mandating the use of online cash
registers in all retail businesses across countries through a phased implementation process.
In essence, online cash registers create a secure “internet of things” network providing Tax
Administrations with a continuous real-time flow of nationwide data critical for assessing tax
compliance and important statistics on economic performance and retail prices.
The introduction of the new online cash register system improves fiscal transparency and raises
tax compliance significantly. It is also facilitating the creation of a level playing field for fair
competition among retail businesses and retail solution developers as well as contributing to the
protection of consumers’ rights, reducing compliance burdens, and providing new opportunities
for businesses.
5. *) Sources: WTO estimates for trade, consensus estimates for GDP. 2018 5
Retail Industry in The Global Economy: A Large Share of
Taxpayers and a Small Share of Taxes Paid
The retail industry is characterized by:
Significant percentage of global GDP and
one of the key contributors to GDP’s
growth
Substantial share of all businesses by the
number of employees
The major share of micro and small
businesses and a large share of self-
employed
Minor share in taxes and duties paid
The ratio of world merchandise trade volume growth to world real
GDP growth, 1981-2017 (Annual percentage change and ratio)*
6. Cash Remains the Most Widely Used Payment Instrument in
The World on All Continents
6
North America
Cash is used in over half of
transactions under $25, and more
than 60% under $10
South America
CiC* has risen by an average 62%
Only 45% of people have a bank account
and even fewer have credit cards
Europe
79% of POS** transactions were
in cash
CiC increased by almost 40%
Middle East
Cash on delivery is
the most used
payment method for
e-commerce
transactions in
many countries
Africa
The value of withdrawals
and the number of ATMs
is rising across all African
countries
CiC rose almost 40%
across reported countries
Asia
In many countries over 75% of
online purchases are paid for
by cash on delivery
CiC rose more than 45% in all
countries
Oceania
CiC rose year-on-year by
6% in Australia and 7% in
New Zealand, on average
@G4S World Cash Report 2018
*CiC: Currency in Circulation
**POS: Point of Sale
Figures represent the period from 2011-2016
7. Cash is a Fuel For Shadow Economy and The Source of
Many Risks for Governments, Retailers and Consumers
*) Risk of Handling Paper Currency in Circulation Chances of Potential Bacterial Transmittance, Janardan Lamichhane, Satish Adhikary, Prson Gautam, Rajani Maharjan and Bishal Dhakal Department
of Biotechnology, Kathmandu University, Dhulikhel, Kavre, Nepal. Nepal Journal of Science and Technology 10 (2009) 161-166
7
Business
Government
Rising costs of cash handling, processing,
and physical security
Black markets use cash to increase illegal
goods circulation, which leads to
manufacturers and tax collection revenues
decline
The use of cash is not transparent to
government bodies. One of the main
sources of funding for corruption and
extremism
Cash is driving a shadow economy with the
aim of avoiding tax and customs payments
Fiscal administration challenges:
A huge number of POS and ECRs to
control
Owner’s motivation to understate revenue
and overstate deductions
Tax base erosion
Decrease in the collection and losses of
taxes and excise duty revenues
Consumers
Cash can be counterfeited
Fairly easy to be lost or stolen
Currency notes might act as vehicles for
the transmission of potentially pathogenic
microorganisms*
8. Traditional Approach to the Retail Tax Administration:
Manual, Lengthy, Prone to Errors, and Expensive Process
8
Long delays in tax reporting due to
the lack of online data and human
resources in the tax administrations
Very timely, expensive and
error-prone as requiring a lot of
human and other resources
MANUAL CHRONOMETRIC SURVEYS
OF CASH PROCESSING AT POS
Increased complexity
and costs for both, tax
administrations and
taxpayers
Taxpayers are forced to
bring cash registers to tax
administrations for the
manual inspection
ANNUAL MANUAL ADMINISTRATION OF
MILLIONS OF OFFLINE CASH REGISTERS
Long time to substantially
decrease the circulation of
cash with the traditional tax
administration approach
ATTEMPTS TO INCREASE SHARE
OF NON-CASH PAYMENTS
The use of cash has been on the
rise globally before the pandemic
and non-cash payments still have
a minor share in many countries
9. By the mandatory transfer of all digital receipts from all cash
registers to the tax administrations
Advantages for the Tax Administrations
Tax Administrations Can Increase Revenue Collection from Retail
Without Overhauling the Core Tax Processes
9
Online Electronic Cash Register (OECR) Management System for retail
tax administration:
Uses online cash registers for fiscal data collection, recording, and
transmission to tax administrations and consumers in real-time
Supports optional Fiscal Data Operator (FDO) model as an
intermediary for faster time to value
Provides integration with the Government’s Tax Administration
Information System(s)
ECR equipment should support real-time and deferred receipts transfer
to the tax administrations & consumers and robust fiscal data
protection to avoid data tampering and fraud
Public control: encouraging the consumers to demand receipts and
check their validity via mobile applications in return for cashback,
discounts, tax refunds, and other incentives
Online administration of retail taxes with automated
monitoring of violations, fraud detection and response, data
analytics, and reporting in near real-time
Growth in tax and excise revenue collection. Lowering the
financial, operational, and lawbreaking risks for the
government. Decreased costs of tax administration
Online monitoring of all cash registers, retail prices, goods
availability, and retail compliance with the government
regulation
OECR combination with digital track & trace solution for some
product categories will force illegal products out of circulation
with an additional increase of tax and excises collection
Responsible citizens are motivated to establish a public control
for receipts to help authorities combat illegal transactions and
goods circulation in retail
10. Online Electronic Cash Registers Solution Benefits
10
For Retailers
Versatility and compatibility with various types of cash registers from smartphones to specialized
devices
Ease of installation and integration with POS systems
Lowering cost of tax compliance, new opportunities to improve consumer loyalty
For Tax Authorities
Improved retail tax revenue collection
Big data, analytics, ML, and AI for standard & ad-hoc reporting and fraud detection
Direct feedback from citizens, new opportunity to introduce new digital services
For Citizens
Additional source of monetization via cashback and discounts in exchange for scanned receipts
Collection of electronic receipts helps to analyze cash and digital personal expenses
11. Electronic Online Cash Registers Implementation in Retail
Can Increase Tax Collection up to 150%
11
Hard copy or
digital fiscal receipt
with QR code
OECR
Retailer
Consumer Tax Administration (TA)
Digital
fiscal receipt and
other data for TA
Receipt
scanning
mobile app
=
IF
1. OECR prints/sends a fiscal receipt to
the consumer (either hard or digital
copy) and the Tax Administration
(digital copy in near real-time)
2. Consumer has the incentive to send
his copy of the receipt to the Tax
Administration for verification
3. The tax administration receives
transaction data from both the
merchant and consumer and can
verify a match
Optional
Fiscal Data
Operator
(OFD)
OECR sends unaltered fiscal data to tax authorities in
real-time or near real-time for automatic tax base and tax
payable calculations
The OECR Concept
1
2
3
How it Works
12. Online Electronic Cash Registers Provide Near Real Time
(NRT) Fiscal Data to Tax Administration and Consumers
12
OECR with the optional
Fiscal Printer
Fiscal storage
Fiscal Data
Data
Consumer
Payment (cash, cards
etc.)
Paper receipt
Data (Real Time)
Data
Digital receipt
to registered consumers
Digital receipt
by consumer’s demand
Mobile app
POS
Verifies receipts in the TA system in return for
bonuses, cashback, tax incentives, etc.
3rd party loyalty
service providers
Tax
incentives
Fiscal Data Operator
(FDO, optional)
Data (NRT) with
offline mode
Data
Data
Data
Tax Administration
Tax administration and
fiscal control
13. Online Electronic Cash Register Simplified Data Model
* The need for an intermediary for data transfer depends on the parameters of the project, the number of cash desks, checks, etc. 13
Consumer
Fiscal Data Operator
(FDO) *
Tax Administration
Retailer: OECR owner
Point of Sales (POS)
TIN
Address / URL
Online electronic cash register
(OECR)
OECR registration number
Payment
Receipt
Fiscal data & documents
Fiscal data format (FDF)
Fiscal module (FM)
FM serial number
Data example:
OECR registration report
Registration update report
Shift opening report
Receipt (sale, return)
Adjustments
Shift closing report
Fiscal module closing report
Acknowledgement of successful
data transmission to TA
14. Fiscal Data Flow
14
Retailer
Consumer
Fiscal Data Operator
(FDO)
(optional)
Tax Administration
Payment
Hard copy or
digital fiscal receipt
Data
Digital receipt
Confirmation
Receipt validation
and complaints requests
Responses with
verification results and
digital receipts on demand
Demands fiscal
receipt from
retailer and files
complaints to the
tax administration
if omitted
Automatic tax
administration
and control
Processes the
fiscal data from
retailer
Registers and
runs online ECRs
OECR
15. OECRs for e-Commerce and Shared Economy
15
Consumer
Payment (cash, cards
etc.)
Data
Data
Fiscal Data Operator
(FDO, optional)
Data
Data
Digital receipt
to known consumers
Digital receipt
by consumer’s demand
Mobile app
Internet Shop /
Marketplace
Cloud OECR supports only
issuing of digital receipts
Fiscal data
storage
Fiscal Data
Data
Checks in receipts in return for bonuses, cashback,
tax incentives, etc.
3rd party loyalty
service providers
Tax
incentives
Cloud ECR Provider’s Data Center
Data
Data
Tax Administration
Tax administration and
fiscal control
Including cross-border online trade
16. Modern OECRs and Additional Services for Retailers
16
MORE THAN JUST CASH REGISTERS
A wide variety of OECR form factors are available. From
smartphones and tablets with additional card readers
for SMEs to professional retail equipment for top retail
chains
They support complete retail management solutions
with point-of-sale automation, inventory, loyalty,
reporting, gift cards, customer profiles, purchase
orders, eCommerce, etc.
Online Electronic Cash Register as a Service
(OECRaaS) is also available from the 3rd party cloud
providers to support online retailers and cross-border
trade
17. Online ECR Solution Key Capabilities
17
Modern architecture and design
Automatic firmware updates
Extensible functionality
Cloud and on-premises setup
App store to offer 3rd party solutions
Automatic data transfer to
the tax administration
QR code is printed on receipts for scanning by
consumer’s mobile application to support public
control
Works with electronic & paper receipts
A digital version of every receipt is transferred to
the Fiscal Data
Operator / Tax Administration
Ensures that data are unchanged and protects
the data during the transfer
Supports real-time and deferred data transfer
modes
Provides customer receipts itemization. Supports
catalog of retail goods
Compatible with tax administration and retail
revenue control systems
Builds consumer confidence and trust
Works on wide range of smartphones,
tablets, PCs, Smart POS devices and
supports fiscal printers
Easy registration/withdrawal of the POS
system at the Tax Administration online
portal
18. Inevitability of control
Public Demand and Control are Important in Influencing
Retailers to Hand Out Valid Receipts
18
Automatic alerts
to Tax
Administration
Consumer demands a receipt
from the retailer in exchange for
incentives
Tax Administration
confirms validity of
scanned receipt
3rd party loyalty services providers
interchange receipt and consumer data
with with banks, brands and retailers
Cashback, discounts, tax refunds and other incentives
Open API
Consumer scans receipt
and sends it to the TA for
validation
The retailer did not hand out a receipt or
The receipt has not been validated by the
tax application
Every consumer could be a
public controller
Retailers can’t conspire with all
consumers in attempts to evade receipts
and to forge public control’s results
Retailers can’t avoid
The power of the crowd
Automatic workflows to
launch tax administration
processes
Historical data,
reporting, AI
Less paperwork.
Improved retail tax
revenue collection
My
Receipts
If required by legislation, each receipt generated by online cash registers has a Quick Response (QR) code that enables customers to verify the transaction by comparing it to the
information maintained by the tax administration
19. Consumer Tax Administration (TA)
3rd party loyalty service
providers
Brands, Retailers, Banks
Downloads official tax mobile
app to scan paper receipts
Develop free receipt scanning and public
control app for consumers
Develop loyalty program apps with access to
receipt database
Pay for access to the user base of the 3rd
party loyalty providers or build their own
Asks and receives a receipt at POS Ask consumers to scan receipts via mobile
app and send it to TA or FDO for verification
Encourage consumer to scan receipts via
loyalty app instead of tax app
Provide cashback, discounts and other
incentives to consumers in exchange for
loyalty and transactions
Scans QR code from
the paper receipt
Verifies paper receipt’s scan sent by
consumers
Encourage consumer to create a user profile
if he wants to get cashback and discounts
Requests digital receipts
from e-commerce provider
Provides open API for the 3rd party
developers to access receipt database
Sell ads to brands, retailers, banks…
Files a complaint if the receipt has not been
handed out by the retailer
The Ecosystem to Grow Public Demand and Control for
Receipt Validation
19
My
Receipts
Tax mobile app
20. Customer Journey Map for Retail Customer (Consumer)
20
The Person Retail Consumer The goal: To Get the Best Shopping Experience & Deals
Step 1 Step 2 Step 3 Step 4 Step 5 Step 6
Actions
Downloads official tax
mobile app or loyalty app
to register receipts and
collect incentives
Pays for goods or
services
Gets the paper or
electronic receipt from
the retailer
Wants to save receipts
for future analysis,
collect cashback,
discounts, tax deduct…
Opens app and scans
QR code on the paper
receipt
If doubt that the receipt
is valid or it is missing,
files a complaint via the
app
Gets an official
response
Collects cashback,
discounts, promos, tax
deductions, participates
in promo & lotteries via
the app
Wants to withdraw
cashback to the banking
card
Contact
points
Tax Administration web
site
Loyalty app web site
App store, Google Play…
Point of sales at retail
store
Message from internet
retailer with e-receipt
Tax mobile app
Loyalty program app or
website
Tax mobile app
Loyalty program app or
website
Tax mobile app
Loyalty program app or
website
Tax mobile app
Loyalty program app or
website
Feelings,
thoughts
Depends on the customer
experience on the websites
Depends on the
customer experience
with the retailer in shop
and checkout
Depends on the
customer experience
with the app
Depends on the
customer experience
with the app and the
number of apps to use
Depends on the
customer experience
with the app and the
number of apps to use
Depends on the
customer experience
with the app and the
limitations of
withdrawing
My
Receipt
s
21. Public Control Implementation
21
Public awards for being an
active citizen
Tax refunds
Bonuses for the spendings
and loyalty
How to motivate consumers to demand valid fiscal receipts? Implementation
Tax Administrations may provide tax incentives for
product categories to stimulate consumer spending in
health, education, sport…
Receipt verification is the touchpoint with consumers.
Banks, consumer goods manufacturers, and retailers
may provide discounts and cashback via verification
apps saving on the government’s budget
The more activities consumers perform, the more
bonuses they will collect, which in turn motivates
them to be more active
Tax Administration
Banks, manufacturers,
retailers
Government
Consumers
22. Advantages for the Taxpayers
22
Better tax compliance
Reduction of compliance burdens
Enhanced consumer protection
Small retailers can get better data
and analytics on turnover and
shopping behavior
Producers of consumer goods in
combination with the Trask & Trace
system will be able to reduce
counterfeiting and grow revenue
and profits
Banks simplify scoring and make
loans more affordable for small &
medium businesses and self-
employed
Third-party retail service providers
may have a new channel to expand
their loyal customer base
Consumers will have access to
cashback, discounts and gifts from
manufacturers, retailers, banks, and
tax administration
23. Roadmap for the Implementation of the National OECR
Solution (1st Stage)
23
Analysis of local regulations related to the cash registers and tax administration
Identification of key stakeholders, their roles and responsibilities
Development of a concept for replacing existing cash registers (waves of implementation)
Development of system architecture with or without fiscal data operator(s)
Determination of which information security standards to use (national and/or international)
Development of the business case and OECRs implementation plan
2
months
3
months
24. Past
Present
Cash registers
Online cash registers
Internal accounting Tax-return Manual audit
Data transfer in near real-time
Automatic accrual and withdrawal of taxes, analytical reporting & fraud detection
Tax Big Data
What’s Next: Dramatic Simplification and Modernization of the
National Tax System: From Offline to Online, Big Data and AI
24
Future
Machine learning / AI for predictive tax administration
Additional government and 3rd party services for the taxpayers
Tax Services Cloud, Digital Ecosystem, and API Economy
AI
26. About Us
Digital Tax Technologies (DTT) is an international expert in
tax gap minimization, a trusted digital transformation advisor
& solution provider for national tax administrations.
We help tax administrations around the world to reduce the
tax gap, improve tax revenue collection and reduce the share
of the shadow economy.
Our mission is to increase global fiscal transparency,
improve tax compliance and administration, and ensure fair
competition and welfare.
Our team consists of experts with experience in digital tax
administration advisory and implementation in various
European, CIS, Middle East, and African countries.
27. Experience and Contacts
27
We are a global team of tax and digital experts working with tax administrations,
global tax consultants, and top technology providers on the most important
aspects of the digital transformation of national tax systems.
Our key areas of expertise are:
Digital transformation of tax administrations and transition to the real-time
economy for the tax gap reduction
Implementation of digital track & trace solutions
Implementation of online cash registers
Effective taxation of platform sellers and self-employed taxpayers in sharing
and gig economies with eVAT / eInvoicing solutions
Advanced analytics/Big Data/AI for value-added tax administration
Tailor-made and off-the-shelf software product development
End-to-end IT solutions design, implementation & support in cooperation with
top software & hardware vendors and tax consultants
Contact us for
more details
info@taxtech.digital
https://taxtech.digital
28. 28
Terms and Abbreviations
Online Electronic Cash Register — cash register
capable of sending fiscal data periodically or in
real-time to the tax administration in secured mode
Product authentication — validation of products as
genuine
Product marking — affixing of secure and non-
removable identification markings to the products
or product packs
Tracking — locates products
Tracing — determines the origins and destinations
of goods
DTT — Digital Tax Technology company
ECR — electronic cash register
FDO — fiscal data operator
OECR — online electronic cash register
OECRaaS — online electronic cash register as a
service (OECR in the cloud)
POS — point of sale
PiC — products in circulation
TA — tax administration
T&T — track & trace
TTO — track & trace operator
TIN — taxpayer identification number
29. Cash in Circulation by Countries
29
The share of payments using instruments alternative to cash by number and amount of transactions in Sweden reached almost 90%.
*) Converted at end-of-year exchange rates.
Source: «Bank for International Settlements/Committee on Payments and Market Infrastructures / Statistics on payment, clearing, and systems in the CPMI countries // Notes and Coin, bis.org,
Report October 2017, Figures for 2016 year.
2012 2013 2014 2015 2016
Australia 65 60 58 55 58
Brazil 92 87 83 58 71
Canada 70 68 65 59 65
Hong Kong SAR 39 44 46 48 54
India 215 210 229 251 196
Japan 1059 903 817 857 915
Korea 51 60 68 74 81
Mexico 65 70 72 72 69
Russia 253 254 157 117 145
Singapore 24 25 26 27 29
Sweden 15 13 11 9 6,9
Switzerland 71 77 72 76 80
Turkey 35 36 37 36 35
England 98 103 103 103 94
United States 1169 1241 1343 1425 1509
Eurozone 1238 1355 1267 1210 1218
Fig.1: Banknotes and coin in circulation, Total value (USD
billions, end of the year 2016)*
Fig.2: Value as a percentage of GDP (end of the year 2016)
2012 2013 2014 2015 2016
Australia 4,14 4,27 4,39 4,63 4,71
Brazil 3,89 3,83 3,83 3,76 3,70
Canada 3,76 3,75 3,79 4,08 4,17
Hong Kong SAR 14,82 15,91 15,64 15,50 16,86
India 11,86 11,54 11,6 12,25 8,79
Japan 18,43 18,83 19,03 19,45 19,96
Korea 3,94 4,42 5,03 5,54 5,94
Mexico 5,41 5,69 6,16 6,84 7,27
Russia 11,47 11,71 11,17 10,25 10,23
Singapore 8,12 8,37 8,87 9,55 8,23
Sweden 2,6 2,25 2,11 1,73 1,4
Switzerland 10,33 10,77 10,87 11,62 12,32
Turkey 3,93 4,21 4,24 4,49 4,83
England 3,58 3,54 3,58 3,68 3,91
United States 7,24 7,44 7,71 7,86 8,10
Eurozone 9,54 9,89 10,28 10,59 10,73
Average* 8,59 8,59 8,17 8,85 9,03
2012 2013 2014 2015 2016
Australia 2842 2567 2455 2313 2340
Brazil 460 434 411 282 346
Canada 2015 1944 1847 1647 1787
Hong Kong SAR 5432 6085 6283 6564 7341
India 177 170 181 196 151
Japan 8304 7088 6422 6739 7214
Korea 1012 1194 1350 1460 1584
Mexico 559 597 607 599 565
Russia 1765 1770 1094 800 989
Singapore 4485 4634 4762 4911 5242
Sweden 1547 1378 1109 872 690
Switzerland 8843 9544 8706 9214 9516
Turkey 457 465 481 458 444
England 1533 1602 1588 1583 1429
United States 3723 3925 4215 4400 4671
Eurozone 3678 4017 3749 3570 3579
Average* 1641 1643 1566 1558 1598
Fig.3: Value per inhabitant in (USD, end of the year 2016)*
30. Cash Usage Lessons Learned
* Source: John Bagnall – Reserve Bank of Australia, David Bounie -Telecom ParisTech, Kim P. Huynh – Bank of Canada, Aimeke Kosse – De Nederlandsche Bank, Tobias Schmidt – Deutsche
Bundesbank, Scott Schuh – Federal Reserve Bank of Boston, Helmut Stix – Oesterreichische Nation bank, «Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data»,
December 2016 year.
30
Consumers in most countries make only a few
payments per day and most of the consumer
spending is made on small amounts.
Cash usage decreases depending on education and
income but varies by age categories.
In Austria and Germany, the use of cash is the most
intensive compared to other countries (large cash
balances and large average withdrawals)
The use of cash decreases as the transaction
amount increases. In all countries cash is used
mainly to pay for half of the small transactions
The use of cash depends on the type and place of
purchase
People trust cash; it’s free to use and readily
available for consumers, it’s confidential, it can’t be
hacked, and it doesn’t run out of battery power
At the same time, the overall level of ownership of
payment cards remains quite high. Along with cash,
only a small range of payment instruments are used
Increased use of cash is associated with lower
ability to pay by card at the point of sale
31. Online Cash Register Management System for Retail Tax
Administration: Key Features
31
Online cash registers for secured data
transmission from POS to the Tax
Administrations
• Transfer of every receipt for both cash
and cashless retail transactions
• Receipt’s itemization – Nomenclature,
quantities, prices
• Scanning of the bar codes on the
packages of the goods and registration
of withdrawal of the goods from
circulation at check-out
• Electronic and paper receipts support
• QR code on the receipt for consumer
scanning to check it against the online
data from TA (public control)
• OECR offline mode supported with the
deferred data transfer
• Simple OECR registration by the Tax
Administration
• Support of the national data protection
security standards and cryptography
Fiscal data operator (optional)
• FDO acts as a licensed operator who
collects data from retailers and sends it
to the Tax Administration
• Sales and support for OECRs
• Registration, connectivity, and
monitoring services for OECRs owners
• Additional services for retailers and
consumers (financial management,
accounting, business, fiscal reporting
and analytics, etc.)
Public control and tax deductions via
mobile application
• Consumers scan the QR code on the
paper receipt and check if it’s legal in
TA mobile app
• Consumers can file a complaint against
the failure to issue a correct receipt and
monitor the status
• Monetary compensation for receipt
submission from loyalty program
operators, banks, retailers, and brands
• Open API for the 3rd party application
developers to implement receipts
validations, integrations with loyalty
programs, discounts, rewards, etc.
Tax Administration Information System
• Real-time revenue control
• Benchmarking of retailers against the
similar businesses
• Analysis of the revenue dynamics.
Identification of deviations, non-typical
situations, and fraud detection
• Monitoring and execution of consumers
complaints received through the public
control
• Nationwide retail price monitoring for
the goods and services
• Ensuring availability/deficits of goods
and services in the regions
32. Solution Modules
32
We provide complete software and hardware solution that supports complete automation of OECR registration, capture and transfer of
fiscal data from POS to the tax information system, reporting and analytics.
Software interfaces for FM (fiscal module) to support different models of
cash registers (fiscal registrars, smart cash registers, autonomous cash
registers)
Fiscal Data Operator
Reception, verification and transmission of fiscal data and documents from
OECRs to the Tax Administration
Registration and authentication of the taxpayers – OECR owners &
OECRs
Cash register software for PC, Android and iOS mobile devices
Tax Information System
Reception, verification and storing of fiscal data and documents
Tax officer accounts to perform fiscal data analysis and administration
Online Electronic Cash Register
Mobile app for receipt scanning and verification by
consumers
Service for checking issued receipts and public control (complaints)
Smart card (hardware & software) or software in the cloud
Fiscal Module (FM)
Software for creating a fiscal module on smart-cards
Fiscal Module Issuer
33. Directory of Goods
33
Tax Information System
Centralized catalog of goods and
services
…
Product
Classifier codes
GTIN
Name
Tax rate
…
Sales analytics
Cash Register
Point of sale nomenclature
Catalog sections
…
Product
GTIN
Name
Tax rate
…
AIS FDO
…
…
…
…
…
…
…
Synchronization Synchronization
The solution maintains a unified catalog of goods and services for identifying product items in receipts. The
centralized directory provides the basis for deep analytics of fiscal and retail data
34. Special Tax Regimes
34
Fiscal data format adapts to special tax regimes in different countries
General tax regime
Simplified tax regime
*Other special tax system
Value Added Tax (VAT) Sales Tax
Support for different tax regimes allows you to apply different tax rates
< value >
< value >
< value >
< value >
< value >
< value >
< value >
< value >
Rate values are edited in the
system interface and applied in
all components of the solution
without additional modifications
35. Payments and Receipts
35
Sales / Returns
Cash / Cards
Types of Receipts:
Paper receipt
Electronic receipt:
by email
by SMS
verifiable in mobile application and website
36. Fiscal Data Transfer Process
36
Online Electronic Cash
Register (OECR)
FDO
OECR Software
Fiscal Module
Fiscal Processor
Crypto Module
Operations
Analytics
Tax System
Mobile App
for Consumer
Fiscal Processor
Crypto Module
Operations
Analytics
My
Receipts
37. Electronic Fiscal Device
37
Capabilities
Unique “signature” on each receipt (fiscal mark with hash key)
Encryption of fiscal data & documents
Supports different types of cash registers and cash register shift duration
management
Electronic Fiscal Device or Fiscal Memory Device is an electronic device certified by the government and used to record sales
data to calculate the tax owed by retailers to a country
Benefits
Additional level of security for fiscal receipts. A separate and permanent memory that cannot be accessed by anyone
other than the revenue administration
Authentication of the cash register users
Fiscal receipts can not be altered or changed by retailers. Any attempts will be visible to the Tax Administration
38. Data Protection
38
FMM – fiscal mark on fiscal message FSC – fiscal mark on acknowledgement
FMD – fiscal mark on fiscal document
Data protection tools use cryptography to safeguard information from unauthorized modifications
Online Electronic Cash Register (OECR)
Fiscal Module OECR Software
Generation FMD and FMM
Saving Fiscal Data (FD)
Generation FMA
Deleting FD
Creating FD
Sending FD to the FDO
Receiving of Acknowledgement
Verification of FMA
Fiscal Data Operator (FDO)
OECR Module Hardware Security Module
(HSM)
Receiving FD
Validation FMD, FMM
Recipient Report
Sending Acknowledgement
Generating FMD, FMM
Generating FMA
39. Smart Card as a Fiscal Memory Device
39
Dual-interface support: contact or contactless (NFC)
Cryptographic co-processor
Java Card 3.*
Available memory up to 344 KB
Stores up to 1000 offline receipts
Available in a sim and regular card size
Can be reused across multiple cash registers
40. Cloud Electronic Fiscal Device
40
Fiscal memory device available as a cloud service
Works 24/7/365 on a subscription basis
Provides secure online communication with the cloud by using AES-256 advanced
encryption standard
Very easy to connect, use and integrate with POS software and workflow
Does not require an on-premise fiscal memory device at the POS
Cloud Fiscal Memory FDO
OECR Software
Fiscal Module
Fiscal Processor
Crypto Module
Operations
Analytics
Tax System Mobile App
for Consumer
Fiscal Processor
Crypto Module
Operations
Analytics
My
Receipts
3rd Party
OECR SW
41. Online Electronic Cash Registers (OECRs) Available in Many
Forms
41
Web / Mobile / Desktop (PC) Electronic Cash Register with unique Serial Numbers for each instance
Data transfer to local or cloud Electronic Fiscal Devices (EFD)
Fiscal documents transfer from EFD to Fiscal Data Operator or Tax Administration
Offline mode to store electronic versions of fiscal documents in the EFD’s memory/transfer by email
Fiscal printers support for handing out fiscal paper receipts with QR codes and fiscal marks
42. Desktop / Mobile Versions
42
Desktop and mobile versions (cross-platform software)
Support Local and Cloud Electronic Fiscal Devices
POS workflow automation supports:
Device and taxpayer registration
Opening & closing register shifts
Fiscal registration of receipts with line items, prices,
discounts, taxes, refunds, corrections
Cash deposits / withdrawals
X-report, Z-report
Offline mode supported if online connectivity is not
available
43. Web Version
43
Web browser version with mobile support
Works with local and cloud Electronic Fiscal
Devices
Supports POS workflow automation
Multi-user support (multitenancy)
Ideal for e-commerce including cross-
border trade
44. Mobile Version
44
Android (5.0+) and iOS (11+)
Supports local and cloud Electronic
Fiscal Devices
Supports POS workflow automation
Ideal for distributors, delivery, and
other field services
45. Types of Online Electronic Cash Registers
45
Display: 2.7 inches, 6 lines
Cash Drawer Connection: No
Network connection: Ethernet, Wi-Fi 2,4 GHz
Width of receipt tape: 58 mm
Print module resource: 50 km (~500 thousand checks)
Power supply: from a battery, a power supply
Battery Life: 8 hours
Smart Cash Register Fiscal Registrar
Autonomous Cash Register
Display: No
Cash Drawer Connection: Yes
Network connection: 2G/3G, Bluetooth or Wi-Fi (via add-on
module)
Width of receipt tape: 80/58 mm
Print module resource: 50 km (~500 thousand checks)
Power supply: from a power supply
Battery Life: No
Display: 7 inches, 1024x600 pixels, vertical orientation
Cash Drawer Connection: Yes
Network connection: Ethernet, Wi-Fi 2,4 GHz
Width of receipt tape: 57 mm
Print module resource: 50 km (~500 thousand checks)
Power supply: from a battery, a power supply
Battery Life: 5 hours (provided - 1 receipt in 5 minutes)
46. Fiscal Data Operator
46
User account management for
retailers
History of fiscal documents
transferring
Sales statistics and reporting
Electronic receipts (SMS / email) for
consumers
47. Tax Information System
47
Account management for the tax officers
History of fiscal documents transferring
Detailed fiscal analytics and intelligence to support
tax administration, audits, and reviews
Aggregation of fiscal data and calculation of tax
payments
48. Tax Information System
48
Country dashboard for tax inspectors and
auditors
Retails sales and tax revenue by taxpayers,
regions, tax regimes, and time periods (year,
quarter, day)
Retail and fiscal KPIs, reports and analytics
49. Directory of supported OECR models
Directory of taxpayers with risk ratings
Automated registration, renewal, and de-
registration of taxpayers and OECRs
Automatic taxpayer risk score based on:
Anomalies in sales dynamics
Citizens' complaints
Filed and confirmed violations
Resolving of violations
Handling citizens’ requests and complaints
Automated planning and conducting of OECR
reviews
Tax Information System
49
50. Mapping taxpayer locations:
Name, TIN, address, tax regime
Number of registers
Sales statistics
Fiscal statistics (number of receipts, revenue,
VAT…)
Tax Information System
50
51. Scanning of QR or manual data entry for
receipt verification in the tax database
Receiving and storing electronic receipts
Filing a complaint against the seller's refusal
to introduce a fiscal receipt
Mobile Application for Receipts Validation by Citizens
51