Mar 16 • 06:12 UTC 🇱🇹 Lithuania Lrytas

VMI: About 7 thousand small entrepreneurs may not have implemented smart cash register systems

Around 7,000 small entrepreneurs in Lithuania have yet to adopt updated smart cash register systems as required by new regulations.

Recent comments from Lauryna Grunulaitė, a senior advisor at the Lithuanian State Tax Inspectorate (VMI), revealed that approximately 6,900 small entrepreneurs have not yet complied with new regulations mandating the use of updated cash register systems. Despite these figures, about 61,000 cash registers—or roughly 87% of all registered devices—are currently transmitting revenue data to the i.EKA, the country's electronic cash register subsystem.

Grunulaitė noted that 20,000 small entrepreneurs are actively using 25,000 cash registers that meet the new technical requirements set forth by legislation enacted in stages from January 1, 2023, to May 1, 2023. This legislation requires businesses to report their sales and service payment data to the VMI using the new cash register systems, reflecting a significant move towards digitalization in the country's small business sector.

The transition to electronic cash registers is an important step in improving tax compliance and streamlining business operations in Lithuania. The VMI is monitoring the compliance rates among small entrepreneurs, emphasizing the benefits of upgrading to smart cash registers not only for regulatory alignment but also for the overall efficiency in managing business transactions.

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