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Attention to those engaged in sales: You will be fined in these cases!
Attention to those engaged in sales: You will be fined in these cases!
According to Article 58.7 of the Tax Code, except for the cases of carrying out commercial activities envisaged in Article 13.2.63 of this Code, violations of the rules for cash transactions, i.e., using cash register machines or special report forms without installing cash register machines (without installing cash register machines, without special report forms required by legislation, or without recording cash payments), using cash register machines that are not registered with tax authorities or do not meet technical requirements, using special report forms not determined by legislation, or using special report forms not conforming to approved formats, or failing to issue or issuing a receipt, bank statement, or other special report forms that should be provided to the customer, or issuing a receipt showing an amount less than the paid amount, or in case of stopping the use of cash register machines, violations of the rules for recording cash transactions with the public will result in a financial sanction of 1,000 manats for the first such violation in a calendar year; 3,000 manats for the second violation within the same calendar year; and 6,000 manats for the third or more violations within the same calendar year.
Financial expert Vugar Mirheydarov, who interprets the requirements of the legislation, has drawn attention to the fact that, according to the proposed amendments to the Tax Code, starting from 2020, these financial sanctions will also apply to cases of non-installation of POS terminals: "It should be noted that Article 58.7 will be presented in a new edition when discussing the amendments. According to the amendment, the list specified in this article now also includes the non-installation of POS terminals in places where their installation is mandatory and refusal to accept cashless payments in places where POS terminals are installed.
This decision may seem radical to some, but I consider it a more rational approach to convince taxpayers to switch to cashless payments."
After the new amendments to the Tax Code come into effect, taxpayers who refuse to use cashless payments will face serious fines. To avoid this, the number of POS terminals in retail and public catering establishments will increase: "You may remember that in 2012, just before the Eurovision song contest in Baku, POS terminals were installed in almost all trade and service establishments. However, many of these devices were not used later. When payments were made with these devices, turnover could not be hidden. This was not 'beneficial' for unruly taxpayers. Therefore, penalties for the implementation of POS terminals have been prioritized."
Despite all the efforts of the tax authorities, the tax culture of some local taxpayers is still not at the desired level. Therefore, the implementation of fines for switching to cashless payments is inevitable.
According to Article 58.7 of the Tax Code, except for the cases of carrying out commercial activities envisaged in Article 13.2.63 of this Code, violations of the rules for cash transactions, i.e., using cash register machines or special report forms without installing cash register machines (without installing cash register machines, without special report forms required by legislation, or without recording cash payments), using cash register machines that are not registered with tax authorities or do not meet technical requirements, using special report forms not determined by legislation, or using special report forms not conforming to approved formats, or failing to issue or issuing a receipt, bank statement, or other special report forms that should be provided to the customer, or issuing a receipt showing an amount less than the paid amount, or in case of stopping the use of cash register machines, violations of the rules for recording cash transactions with the public will result in a financial sanction of 1,000 manats for the first such violation in a calendar year; 3,000 manats for the second violation within the same calendar year; and 6,000 manats for the third or more violations within the same calendar year.
Financial expert Vugar Mirheydarov, who interprets the requirements of the legislation, has drawn attention to the fact that, according to the proposed amendments to the Tax Code, starting from 2020, these financial sanctions will also apply to cases of non-installation of POS terminals: "It should be noted that Article 58.7 will be presented in a new edition when discussing the amendments. According to the amendment, the list specified in this article now also includes the non-installation of POS terminals in places where their installation is mandatory and refusal to accept cashless payments in places where POS terminals are installed.
This decision may seem radical to some, but I consider it a more rational approach to convince taxpayers to switch to cashless payments."
After the new amendments to the Tax Code come into effect, taxpayers who refuse to use cashless payments will face serious fines. To avoid this, the number of POS terminals in retail and public catering establishments will increase: "You may remember that in 2012, just before the Eurovision song contest in Baku, POS terminals were installed in almost all trade and service establishments. However, many of these devices were not used later. When payments were made with these devices, turnover could not be hidden. This was not 'beneficial' for unruly taxpayers. Therefore, penalties for the implementation of POS terminals have been prioritized."
Despite all the efforts of the tax authorities, the tax culture of some local taxpayers is still not at the desired level. Therefore, the implementation of fines for switching to cashless payments is inevitable.