The authorized obligation to just accept fee means by card is in impact in Cyprus since September however one in 10 companies have but to put in a Level of Gross sales (POS) terminal.
That is what Philenews reported on Wednesday citing the Tax Division whose officers just lately carried out unannounced visits to over 1,000 companies island-wide.
The principle objective of the decree imposing the duty to just accept fee means by card on sure classes of companies which perform financial actions in Cyprus is to help fight tax evasion.
In addition to to safeguard public revenues and strengthen citizen safety.
A complete of 87 completely different classes of companies are obliged to just accept methods of fee by card – together with legislation companies, accountants, architects, faculties, betting outlets, and many others.
Non-compliance with the provisions of the Decree is topic to an administrative positive of as much as 2,000 euro.