Something You Need to Know About Fiscalization and Electronic Fiscal Device
Source: Telpo
Date: 2021/05/28
Nowadays, governments enforce laws to require all tax payers to use an approved fiscal POS or electronic fiscal device in a bid to curb tax dodging and ensure every transaction and tax collection legality and transparency.
What is fiscalization?
Fiscalization is fiscal law designed to avoid retailer fraud. It will use the electronic fiscal device to record the transactions for Value Added Tax (VAT). As fiscal module is encrypted into the electronic fiscal device, thus tax information once recorded cannot be altered.
What should consider when implementing fiscalization?
Before you decide to address fiscalization or choose an appropriate fiscal POS or electronic fiscal device, there are series factors should be taken in to consideration. As different countries have different policy demands, following aspects can be a reference.
Payment methods – There are different payment methods and fiscalization demands vary across payment options. That means, you need to consider which payment methods you plan to take, cash, credit or other payment types.
Industry – Fiscalization also varies across different industries, so if you engage at various industries, then you may need to follow different rules.
Unified commerce – There is undoubtedly that online and offline management is a trend, but its trading model might also subject to different regulation even you install a connected system.
What is Electronic Fiscal Device (EFD)?
Electronic Fiscal Device (EFD) means a machine designed for use in business for efficient management controls in areas of sales analysis and stock control system and which conforms to the requirements specified by the laws. The EFDs will be connected to a central server to monitor real-time transaction and store sales data, which is conducive to collecting the actual amount of VAT and curbing evasion.
Benefit of installing Electronic Fiscal Device
?Eliminate harassment, reduce the cost of business and increase revenue collection.
?Every transaction that would take place at the stores will be done through verification with the server at the revenue board.
?Enable businesses keep proper accounts of their sales and inventory of goods.
?Ensure transaction transparency, customer will clearly understand whether the VAT he or she has paid is deposited to the state coffer.
Telpo Electronic Fiscal Device Family
In order to help business quickly find out the electronic fiscal device they require, Telpo developed electronic fiscal device family that support fiscal module and printer function.
Consumer can quickly receive the receipt or invoice after they purchase their commodity and they will be able to confirm the deposit of the tax by scanning the receipt. And then, they can register his invoice number on the revenue board online system, making the approval code and QR code printed on the invoice eligible for the lottery.
Fiscal POS TPS 320
?5-inch display, Qualcomm Quad-core CPU, Android 7 version + 2GB DDR+16 eMMC
?Maximum 4SIM cards, support multi-operator countries.
?40mm printer supports web printing, label printing, ECS\POS printing
?Multiple payments include swiping NFC/IC card and QR-code payment
?5000mAH large battery supports longer battery life
?Support tax control module
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Fiscal Registration POS TPS900
?5.5-inch screen+ Android version+ Qualcomm chip enable high-duty development
?Multiple payment, face payment, fingerprint payment, QR Code payment and NFC/ IC payment.
?Rich financial certificates include EMV, PCI, Paywave, Paypass, MIR, Rupay, TQM, CE, FCC, RoHS, BIS, Anatel, etc.
?Biometrics include face/ fingerprint/ iris recognition
?Fiscal registration module, OTG, UHF, TPUI and physical keyboard are available.
EFD Machine 390
?5-inch capacitive touch screen and physical keypad
?5Mpx camera with flash fill light for decoding
?Support reading NFC card, IC card, magnetic stripe card
?2SIM card + 2PSAM ensure stable and safe connectivity
?Support tax control module
EFD Cash Register 570
?7-inch IPS capacitive multi-touch screen, along with great visual angle (178°)
?7.4V 2500mAh / 5000mAh battery ensure longer battery life
?Fully compatible with universal contactless cards, good for the loyalty program
?58mm width thermal high-speed printer with high-quality printing
?Support tax control module
Electronic Fiscal Device 575
?7-inch industrial-grade touch screen + dot matrix digital screen
?Fixed focus QR code scanner, supporting multiple code segment
?Fully compatible with universal contactless cards and thermal printer
?Supports 2G/3G/4G frequency, WIFI, Bluetooth, Ethernet
?Support tax control module
Tag: fiscalization, electronic fiscal device, fiscal POS, EFD cash register, EFD machine, fiscal registration POS, EFD