Home > Terms > English, UK (UE) > Fiscal cash register

Fiscal cash register

To facilitate tax collection, some countries have laws requiring all sellers of goods and services to use cash register software that meets certain requirements. Tills equipped with such software are called fiscal cash registers. Requirements differ from country to country. Receipts issued by sellers may generally be required to contain a serial number for each transaction, seller's name, address and tax identification number, description sufficient to identify goods, quantity, tax rate, and price of goods, total amount of tax chargeable, etc. Fiscal cash register software may be required to communicate with the tax authority, reporting each transaction to prevent grey economy.

This is auto-generated content. You can help to improve it.
0
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

My Glossary

My Glossary enables freelance translators, technical writers, and content managers to store, translate, and share personal glossaries on ...

Contributor

Featured blossaries

DOTA 2

Category: Entertainment   4 20 Terms

Knife Anatomy

Category: Technology   1 43 Terms