Anti-fraud law: Tax changes and mandatory use of approved POS terminals
Posted: Sun Dec 15, 2024 6:27 am
We explain what a POS is, how it works and the advantages of using it.
Find out what requirements your POS must meet to be approved and the fines if you fail to comply with tax regulations.
Law 11/2021, of July 9, on measures to prevent and combat tax fraud , known as the Anti-Fraud Law , aims to prevent tax fraud and facilitate tax control. Therefore, it establishes a series of requirements and measures to prevent and combat tax fraud, such as the obligation to use approved POS terminals.
YOU MAY BE INTERESTED! Following the publication of the measures to prevent and combat tax fraud included in Law 11/2021, of July 9, the Software Certification Regulation is now being published. It develops the specifications of the prohibition of dual-use billing programs introduced by the Anti-Fraud Law in July 2021.
LEGAL NEWS! Do you have any questions? Check out the summary of the Software Certification Regulation prepared by the Sage Legal Team.
What is a POS?
The POS, acronym for point of sale terminal, is a system that allows businesses to manage their sales and collections. It is a device that combines hardware (physical equipment) and software (computer program) to perform tasks such as:
Charge customers by credit or debit card.
Print tickets or invoices.
Manage inventory.
Generate sales reports.
Start of marked textTWEET IT! Find out about life insurance email list the tax changes and the mandatory use of approved POS terminals, one of the requirements to be met under the Anti-Fraud Law.End of marked text.
Components of a POS
Although the term POS is often used to refer to the dataphone for card payments, it also includes other components.
A POS consists of the following components:
Hardware: This is the physical equipment used to perform transactions. It may include the following components.
Find out what requirements your POS must meet to be approved and the fines if you fail to comply with tax regulations.
Law 11/2021, of July 9, on measures to prevent and combat tax fraud , known as the Anti-Fraud Law , aims to prevent tax fraud and facilitate tax control. Therefore, it establishes a series of requirements and measures to prevent and combat tax fraud, such as the obligation to use approved POS terminals.
YOU MAY BE INTERESTED! Following the publication of the measures to prevent and combat tax fraud included in Law 11/2021, of July 9, the Software Certification Regulation is now being published. It develops the specifications of the prohibition of dual-use billing programs introduced by the Anti-Fraud Law in July 2021.
LEGAL NEWS! Do you have any questions? Check out the summary of the Software Certification Regulation prepared by the Sage Legal Team.
What is a POS?
The POS, acronym for point of sale terminal, is a system that allows businesses to manage their sales and collections. It is a device that combines hardware (physical equipment) and software (computer program) to perform tasks such as:
Charge customers by credit or debit card.
Print tickets or invoices.
Manage inventory.
Generate sales reports.
Start of marked textTWEET IT! Find out about life insurance email list the tax changes and the mandatory use of approved POS terminals, one of the requirements to be met under the Anti-Fraud Law.End of marked text.
Components of a POS
Although the term POS is often used to refer to the dataphone for card payments, it also includes other components.
A POS consists of the following components:
Hardware: This is the physical equipment used to perform transactions. It may include the following components.