The Independent Authority for Public Revenue (AADE) launches sweeping inspections of businesses failing to link POS systems and IRIS payments to electronic tax records, with fines up to €20,000 and license revocations for software providers
Customers will be able to withdraw cash at participating stores by having the amount charged to their card at the POS and receiving the money directly from the merchant.
Mandatory installation of POS machines at practically all businesses, and by self-employed professionals takes a 'bite' out of tax evasion; 614% increase in declared revenue by carwashes
Inter-bank direct payment system, via mostly smartphones, now obligatory for certain castes of occupations; 34 million transactions so far in 2024