Request for a temporary “freeze” on the integration of cash registers with the existing legislative and regulatory framework, including Ministerial Decision No. 224/2010 (FIMS) was submitted in a letter to the Tax Commissioner by the Pan-Cyprian Association of Recreation Center Owners (PASIKA) and called for the use of modern and more cost-effective technologies.
As the association states in its announcement, “the Tax Commissioner responded immediately, expressing a desire to meet very soon.”
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At the same time, the Association makes it clear that it in no way disputes the need for tax audits or the importance of combating tax evasion; however, “it strongly opposes the mandatory imposition of a specific, outdated technological solution, which burdens businesses with an unjustifiable cost of €550 per point of sale.”
It notes that the relevant legislation remained dormant for 17 full years and that today the government is demanding immediate compliance, ignoring the fact that technology has advanced dramatically, and adds that there are alternative, modern, and clearly more cost-effective solutions proposed by technology providers, which are being rejected simply by invoking outdated legislative provisions.
In its letter, PASIKA demands the immediate suspension of the process and assurances that no administrative fines or penalties will be imposed on companies, as well as an objective evaluation of the latest technological proposals (such as cloud systems) that offer the same guarantees to the state at a much lower cost. It also calls for legislative action to ensure that the law keeps pace with current technological realities, noting that a relevant memorandum has already been submitted to the Parliamentary Committee on Finance.
In conclusion, it notes that legislation must serve its intended purpose and not become an obstacle to progress or a means of financially crippling businesses.
