These are computer-based devices that have both cash register and POS hardware, are presented with redefined technical features in line with technological advances, can securely transmit data to and establish a connection with the Revenue Administration via the internet. The essential features of the new generation cash registers are the initiation and completion of sales transactions on the same device and the automatic transmission of daily closing report data to the Information System of the Revenue Administration (GIB BS).
The taxpayers that use or are required to use an old generation cash register as per Law no. 3100 are also obliged to use a new generation cash register possessing the features of both a cash register and a POS. Old generation cash register owners can use EFT-POS with free protocol connection until the fiscal memory of the old generation cash register is full. Your accountant or certified financial advisor can give the most accurate information if you want to make sure whether or not this legal arrangement applies to your company.