Estonia is a small Baltic country known for its simplified tax system. Much like lax tax regulation, there are no specific laws targeting fiscalization. This puts Estonia in the minority of European non-fiscal counties. While Estonia, known for its progressive stance on technology, has not imposed specific regulations surrounding the cash register (POS) environment, that does not mean there are no rules. The absence of specific hardware or software requirements for cash registers or POS systems has encouraged a competitive market, allowing businesses to choose solutions that best suit their needs. Nonetheless, businesses must ensure compliance with the relevant consumer protection, VAT, and accounting acts, which set guidelines for accurate record-keeping and financial reporting.
Source: fiscal-requirements.com
Latest Posts in "Estonia"
- Education Ministry Opposes VAT on Private Hobby Schools and Camps, Citing Access for Poorer Families
- Estonian Parliament to Decide on Food VAT Cut After Record-Breaking Public Petition in March
- Estonian Court Rules Construction Contract Was Taxable Intra-Community Sale of Goods at 20% VAT
- Briefing document and podcast: E-Invoicing and E-Reporting Compliance in Estonia
- Estonian Parliament Considers Reducing VAT on Basic Food Groups to 9 Percent
