History of Electronic Fiscal Devices
The primary mission of a tax administration is to collect revenue from taxpayers. An efficient and effective tax administration result in a high collection of potential tax revenue and it is a key for financing development and strengthening good governance. The greatest challenge is maintain a voluntary compliance by taxpayers.
Electronic Fiscal Device (EFD) or Fiscal Memory Devices is a term used to describe a wide variety of technological devices used by tax administrations to monitor business-to-consumer and business-to-business transactions.
The path to successful implementation of fiscal devices is complex; it can only be effective if they are a part of an improvement strategy. It requires legislative support and a good platform that optimizes the revenue collection in tax administrations. EFDs are connected to an Electronic Fiscal Data Management System (EFDMS), a system that optimizes the revenue collection in tax administrations and stores every transition in its fiscal memory.
The Electronic Fiscal Devices were first implemented in several countries in Europe in the late 1980s. Italy was the first country to use EFDs in support of its fiscal control strategy in 1983. After that, several countries have implemented fiscal devices internationally, but the first cash register was invented by James Ritty in 1879 to prevent staff in his shop from pilfering his profits. The cashier was called "Incorruptible Cashier". In 1884, the basic design was improved by adding a paper roll to record sales transactions, creating the receipt. In 1906, the inventor Charles F. Kettering designed a cash register with an electric motor; it was the first electric cash register.
Today, cash registers are mainly and essentially computers, the technology is largely commonly available and the devices are accessible at reasonable costs. Often cash registers provide operations like barcode scanners, barcode for each item and retrieve the price from a database, calculate deductions, taxes, and differential rates for preferred customers, record time and date and details of the transition, among others.
The Electronic Fiscal Devices used nowadays contain a fiscal memory that captures core tax information, value of goods sold, rate of tax and tax value that can be certified by a government authority. The current technology available in tax administration makes it easy to authenticate, receive and store this fiscal data for reporting and analysis. With Electronic Fiscal Data Management System, you can authenticate, send and receive transactions, messages and reports based on the Revenue Services requirements.
Also it’s allowed to use a simple GPRS connection and other low bandwidth channels like EDGE, and SMS, that is, enabled to send data over the mobile telephone network. However the system can be enabled to use any available wide area connection. Everything can be accessed easily anywhere from computer or mobile devices.
The use of technology is a major tool to reduce administrative effort. Bluelight Electronic Fiscal Data Management System facilitates communication and connection with Taxpayers and stores the fiscal data for reporting and analysis. The reports provide accurate real-time financial and statistical information and all the information can be accessed through a user-friendly website available for tax administration officers.
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