Stricter fines and penalties, not only for any delinquent businesses that have not connected their POS with their cash registers, but also for the providers of POS, ERPs and cash registers in case they do not cooperate, it is provided, among other things, in a relevant regulation filed in Parliament from the Ministry of National Economy and Finance.

In the amendment of the Ministry of the Interior, fines of 10,000 to 20,000 euros are foreseen for those freelancers and businesses who do not connect cash registers and POS within the deadline. With the same amendment they are provided and fines of 200,000 to 300,000 for POS providers who will not proceed with the required software upgrades

At the same time, today the results of the 3rd round of financing part of the POS purchase and interconnection costs are announced, while the start of the 4th round of financing is scheduled for the next few days. In addition, by order of the Minister, Kostis Hatzidakis, there is going to be a 5th round of funding in order to cover as many businesses as possible. It is emphasized that from the first 3 financing cycles, the corresponding vouchers have been approved for 121,138 businesses for the purchase/replacement of POS (18.1 million euros) and 169,837 businesses for covering part of the cost of connecting the POS with cash registers (22.5 million . euro).

In more detail, in relation to fines, the tightening of sanctions and fines concerns all links in the chain, i.e. all companies involved in the implementation of the interconnection project, namely:

A) Any overdue businesses that are required to interconnect their systems. In particular, for any overdue businesses that are obliged by law to connect their POS terminals with the cash registers and do not do so within the schedules, the following is provided for:

  • A fine of 10,000 euros, if it is an obligation to keep a simple accounting system, or 20,000 euros if it is an obligation to keep a double accounting system.
  • The fine is reduced by 50% when imposed on users of POS terminals operating in settlements with a population of up to 500 inhabitants and on islands with a population of less than 3,100 inhabitants, except for places declared as touristic.
  • If the same offense is committed within five years of the notification of the original act imposing a fine, the fines are doubled and for each subsequent same infringement within five years of the notification of the initial act imposing a fine, they are tripled.

B) POS terminal providers. In the event that these companies do not cooperate with the requirements for the operation and interconnection of the POS with the cash registers, as defined by the AADE, it is mandatory:

  • A fine of 200,000 euros. However, if the same violation is committed within five years of the notification of the initial act imposing a fine, a fine of 300,000 thousand euros is imposed.
  • Those providers who do not take any action to upgrade their terminals for which they appear as administrators in the Payment Means Register then:

a) the compliance declaration ceases to be valid, i.e. the possibility for the POS terminals to be compatible with the market conditions, and a fine of 100,000 euros is imposed, by decision of the Governor, and
b) a fine of five hundred (500) euros per POS terminal for which they have not upgraded it. The fine is not imposed if the non-upgrade is demonstrably due to no fault of theirs.

C) The importers and manufacturers of cash registers. In the event that these companies do not cooperate in the implementation of the project as defined by AADE, then there may be:

  • Withdrawal of the cash register model suitability license for those who have not carried out the necessary actions and technical checks to ensure its interfacing with POS terminal types
  • A fine of 10,000 euros.

D) Electronic Invoicing Providers that interface with Commercial/Accounting Management Programs (Enterprise Resource Planning, “ERP”). And in cases where these companies do not cooperate in the implementation of the project then:

  • Documents issued by the ERP program will not be considered legal.
  • A fine of 10,000 euros

E) Finally, for violations concerning the obligations of the installation technicians, i.e. submission of a customer list statement or sending information related to technical support services, the following is required:

  • a fine of one thousand (1,000) euros per non-declared, late-declared or inaccurately-declared customer to whom F.H.M. technical support services are provided or who accepts them. or business/accounting management program (“ERP”) services.
  • This fine is not imposed, as long as the undeclared, late declared or inaccurately declared customers to whom the above services are provided do not exceed 15% of the total number of customers or do not cumulatively exceed ten (10), per entity that provides the relevant services .

The Minister of National Economy and Finance, Kostis Hatzidakis, stated: “The interconnection of POS with cash registers will be completed at all costs! Significant progress has already been made at all levels, 11 legislative and regulatory procedures have been completed, while for some time now a special Working Group has been set up with representatives of the Ministry, AADE and providers in order to deal with any issues that arise. But we need to run more in the next period. If the project is not completed on schedule, the country will see its funding from the Recovery Fund cut off, even partially. And we are not going to allow that. We therefore accelerate the implementation of the project in two ways. First, we are increasing the fines and penalties not only for overdue businesses but also for POS, ERP’s and cash register providers if they don’t cooperate. Secondly, today the results of the 3rd cycle of subsidizing part of the POS purchase and interconnection costs are announced. And we are also moving to launch the 4th round of funding within the next few days, and I have already mandated a 5th round to cover as many businesses as possible. Endwithin the next week we will call the representatives of the banksin order to see how they will also facilitate the work of interconnection”.