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Cash register system to become mandatory for entrepreneurs

PARAMARIBO – It will become mandatory for local entrepreneurs to use a cash register system to keep taps on their sales and tax payments

Times of Suriname

This obligation does not only apply to local store owners but for everyone who sells products and who has to hand over a receipt,” said Andrew Baasaron, minister of Economic Affairs, Entrepreneurship and Technological Innovation (EZOTI). The minister explained that the receipt must clearly show which products were sold, how many were sold, what the price of each product was and how much was paid in total. The value added tax (VAT) must also be mentioned seperately on the receipt. Baasaron explained that it would be impracticable to write these receipts by hand especially at businesses where there are many customers standing in line. This is why entreymust switch over to a cash register system. “There is no other option. It is mandatory by law,” said Minister Baasaron.