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‘Deadline for electronic registers still stands’

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The Ministry of Finance says business operators must comply with a government order to introduce electronic fiscalised tax registers as stipulated in the 2011 National Budget.

Fiscalised tax registers were scheduled to be introduced at the beginning of this month.

In recent weeks there has been confusion over the introduction of electronic registers with retailers arguing they were still waiting for the Ministry of Finance to re-tender the suppliers of the gadgets.

Acting secretary in the ministry Judith Madzorera said: “I am not aware of the confusion with business operators, we are proceeding with the implementation of electronic registers as per the minister’s statement.”

Fiscalised tax registers and fiscal memory devices contain inbuilt memory that stores information at the time of sales and have the capacity to keep the information for three years.

Officials in the Ministry of Finance tax and policy department told NewsDay that business operators should have started introducing electronic registers as the implementation date has not yet changed.

“What should government do when it’s in black and white?” said the official. “We follow what is legally binding. Businesses should be in the process of fiscalising.”

In an interview managing director, Brian Mukudzavhu of Axis Solutions one of the companies that was awarded the licence to sell electronic registers said the company continued to record good sales.

He said at least 500 companies throughout the country had purchased fiscalised registers between the end of last year and the beginning of the year.

Axis Solutions cash register prices range between $350-$700 depending on the company’s need while fiscal printers cost $1 285.

“Many retailers have bought the electronic registers from us,” said Mukudzavhu. “The 500 companies who have bought the devices from us have bought cash registers and fiscal printers as well,” said Mukudzavhu.

The Ministry of Finance had agreed to re-tender the suppliers following an outcry from the retail sector over how the tender process was conducted.

A visit by NewsDay at Axis Solutions offices indicated that many companies were coming for after-sale training for fiscal registers at the company’s premises.

The company imports the devices from Bulgaria and has been receiving them since September last year.

Efforts to contact First Computers another company offering the fiscalised devices were fruitless as the phones were not being answered.

Government introduced fiscalised electronic devices last year to reduce fraud and corruption and encourage transparency and efficiency in value added tax collections.

The electronic devices launch was postponed in April to October 2010 before it was moved to January 1 2011.

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