Premises
Government budget shortfalls & Legitimate businesses revenue reduction:
Counterfeit goods
Tax fraud
Excise tax evasion
Solution
Online cash registers
1. Problem
2. Solution
3. Result
What is online cash register?
Online cash register is the kind of cash register with ability to capture and transmit data on performed transactions
Data Capturing process
Complex analytics are performed to detect illegal activities
Merchant makes a sale
Central server generates a unique reference number
Cash register prints a receipt with the reference number
Client uses the reference number to check if the receipt is genuine
All data on cash transactions (receipts, reports) is collected in central database
System provides tools for fraud detection and risk assessment
Webkassa today
5 years on the market
Best selling* online cashier machine in Kazakhstan (17.6% market share)
Almost 1 billion receipts issued
About 200 000 cashier machines
More than 150 000 clients
Major customers:
Major partners:
International experience
International experience
increase in VAT collection
In Austria, electronic sales recording tools are expected to bring in an additional EUR 900 million in tax revenues.
In Hungary, electronic cash registers were installed with electronic monitoring. After the first year of operation, VAT revenue increased by 15% in the concerned sectors. The increase in VAT revenues has exceeded the overall cost of introducing the new systems.
In Rwanda, electronic cash registers were introduced in March 2013. By 2015, VAT collected on sales had increased by 20%.
In Sweden, since 2010, 135 000 cash registers are connected to electronic monitoring. This includes all companies selling goods and services paid in cash. Increased VAT and income tax revenues has been estimated to around SEK 3 billion (EUR 300 million) per annum since the legislation was implemented.
In Russia in 2017 retail sector demonstrated a 38% increase VAT collection compared to 2016
Webkassa use cases
Sales data are sent to tax authorities
Tax authorities compare declared income with registered sales
Tax authorities detect merchants whose sales patterns significantly differs from their peers
Excise stamps are scanned during the sales process
System controls if there are any duplicate tax stamps detected
System compares amount of excise goods received by the merchant with the amount of goods sold
Seamless integrations with merchants POS systems
Tenants assessment basing on their sales numbers
Use receipt for mall-wide campaigns (lotteries, free parking, bonus points etc.)
Ending part of the supply chains Merchant scans the unique mark on brand goods for authenticity and duplication control System compares amount of brand goods received by the merchant with the amount of goods sold
Part of loyalty systems
Prescription drug sales control
Sales data analytics