Online cash registers starting 2017

We would like to draw your attention to the new Federal law №290-FZ dated July 3, 2016 amending the previous Federal Law №54-FZ dated May 22, 2003 "On the use of cash registers (CR) for cash payments and/or payments by credit cards" (hereinafter – Law on Cash Registers).

The new Law enacts from 15 July 2016:

  • the obligatory online transmission of information relating to cash/ credit cards payments to tax authorities,
  • the obligatory modernization of cash registers.

Summary

  1. Legal requirements
  2. Deadlines
  3. Implementation procedure
  4. Administrative responsibility

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