The State Revenue Committee informs that during the month of December 2023, 598 cases of violation of the rules for the use of control cash registers were recorded and a fine of 174.6 million drams was recorded. Out of the recorded violations, 7 taxpayers were fined 1.0 million drams or more in 7 cases, totaling 27.87 million drams.
The SRC informs that fines of 1.0 million drams and more have been recorded in the following areas in cases of violation of the rules for the use of control cash machines.
– 6.56 million dram fines were recorded for 2 taxpayers in the field of clothing, footwear and fabric trade in 2 cases.
- a fine of 6.77 million drams was recorded for 1 taxpayer in 1 case in the field of liquid and solid fuel trade.
– a fine of 11.97 million drams was recorded for 3 taxpayers in a grocery store.
– in the field of economic goods, a fine of 2.55 million drams was recorded for 1 taxpayer in 1 case.
in 2023 The list of taxpayers who violated the rules of the cash register in December and were fined 1 million drams or more, with more detailed facts by sector, here.
in 2023 The list of 598 taxpayers who violated the rules of cash register application in December, with photos of the relevant objects of activity, can be found here.
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How can the Armenian government support businesses in understanding and adhering to cash register laws?
Interview with Economic Expert on December 2023 Cash Register Violations in Armenia
Time.news Editor: Welcome, Dr. Anush Hovhannisyan, an expert in taxation and economic policy in Armenia. Thank you for joining us today to discuss the recent findings from the State Revenue Committee regarding cash register violations in December 2023.
Dr. Hovhannisyan: Thank you for having me. it’s a pleasure to discuss such an notable topic.
Q1: The State Revenue Committee reported 598 cases of violations concerning control cash registers in December 2023, leading to fines totaling 174.6 million drams. What do you think this indicates about compliance levels in the market?
Dr. Hovhannisyan: These numbers show a significant level of non-compliance among businesses regarding the rules for cash register use. This coudl point to a general lack of understanding of the regulations, or in certain specific cases, a blatant disregard for the law. It’s concerning for both the economy and consumer trust.
Q2: Notably, seven taxpayers were fined over 1 million drams, with significant amounts in various sectors like clothing and grocery. Why do you think these particular industries are more prone to violations?
Dr. Hovhannisyan: Industries like clothing and groceries often involve high-volume transactions and cash sales, which can make it easier to bypass regulations.Additionally, these sectors may face higher levels of competition, leading some businesses to take risks with compliance in order to maintain profitability.
Q3: Looking at the fines,the grocery sector faced especially high penalties,totaling 11.97 million drams across three taxpayers. What implications do these violations have on consumers?
Dr. Hovhannisyan: High penalties highlight the potential risks that consumers might face in terms of price manipulation or lack of transparency. if businesses feel thay can evade regulations without consequence, it undermines fair pricing and quality standards, ultimately affecting consumer trust and the market’s integrity.
Q4: What practical advice can you provide to business owners to ensure compliance with cash register regulations and avoid hefty fines?
Dr. Hovhannisyan: First, businesses should familiarize themselves thoroughly with the laws regarding cash register operations. Training staff is crucial—employees should understand proper cash handling procedures. Secondly, investing in a reliable accounting system will aid in maintaining accurate financial records.Regular audits can also help identify compliance gaps before they led to penalties.
Q5: Considering the high number of violations, what steps do you think regulatory bodies should take to improve compliance?
Dr. Hovhannisyan: Regulatory bodies should enhance educational efforts about compliance to reduce unintentional violations. Furthermore, they could establish a more straightforward application process for cash registers. Additionally, increasing the frequency of inspections, combined with a clear system of incentives for compliant businesses, could shift the culture towards a more law-abiding market.
Q6: how do you see the issue of cash register compliance evolving over the next few years in Armenia?
Dr. Hovhannisyan: I believe we will see a gradual betterment as businesses get more accustomed to the regulations and the technology surrounding cash registers becomes more refined. Though, this requires consistent effort from both the government and the business sector to create a culture of compliance that supports fair trade and economic growth.
time.news Editor: Thank you, dr. Hovhannisyan, for your valuable insights. It’s essential for both consumers and businesses to understand these dynamics, especially in light of the substantial penalties that come from non-compliance.