Real-time tax controls for Russian +6bln B2C transactions with a Certified Cash Desk

September 1, 2017  |  Asia, Compliance, Electronic Invoicing, Government

This post is a guest contribution by Alexander Melikjanyan (Chairman of the Board of Directors of Taxcom LLC)
and Marina Krasheninnikova (Tax & e-invoicing expert) and was first published on the website of Trustweaver here

Recently, most medium and large retail businesses across Russia shifted to internet-connected cash desks that every day, in real-time, report to the Federal Tax Administration approximately 70 million B2C transactions. According to official sources, since July 1st 2017 when the mandate entered into force, over 6 billion B2C electronic receipts have been issued so far for a total amount of 3.6 trillion roubles.

These are certainly impressive numbers, warranting a further look at what’s inside the legal and technical framework behind this successful IoT real-time tax control.

What is a Certified Cash Desk?

On the retailer side, a certified cash desk (CCD) is an IoT-device equipped with internet connectivity, computing hardware, secure storage and tax controls. CCD’s are able to issue electronic documents containing transaction data, archive these transactions locally, and report them real-time to the Federal Tax Administration (TA) regional offices via a Fiscal Data Operator. CCD’s can also print out B2C receipts and other accounting formats, compliant with the regulations set in Federal tax law No. 54-FZ.

IoT innovation means that a brand new CCD can be on-boarded online within a few minutes without physically visiting the tax office. This can be done by simply triggering an automated on-boarding procedure that registers the device to the Federal TA service after a simple procedure requiring only minimal taxpayer information to personalise the device.

Read the full post here

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