Fiscal cash registers as a form of a tax record in small and medium-sized enterprises, and tax audits results
Fiscal cash registers as a form of a tax record in small and medium-sized enterprises, and tax audits results

Summary/Abstract: The taxable persons conducting economic activity are obliged to keep different records. One of them is the record using fiscal cash registers, which is run independently from other records implemented in the company. It is used for tax and VAT settlements. The taxable persons selling goods or services to retail customers, not conducting economic activity and flatrate farmers are obliged to keep the record of turnover and amounts of the output tax with the use of cash registers. Keeping proper records using the cash registers requires certain legal regulations influencing the accuracy, correctness and the effectiveness, ensuring the security of the income and tax economies of both entrepreneurs and the State budget. The aim of this article is to indicate certain problems in terms of using cash registers. The problems regard mainly tax law, tax audit and the results thereof, and indicating the methods of tax evasion by means of not recording the income with a cash register. This aspect is worth noticing, as both, the public finance sector and the private companies collect the income and revenues through the tax law, which reflects their financial capacity and economic potential. In order to register tax income and expenditures of financial resources, companies use set rules and methods of accounting accepted and implemented in the given entity (accounting policy). In order for the accounting system (rules) to function properly, it must fulfil the requirements of tax law, tax ordinance, penal code, and penal-tax code, as it is responsible for accuracy, quality, and the promptness of the presented information.

• Details
• Contents