After the ‘Krone’ report about a possible end to the cash obligation for amounts under 30 euros, the trade association has now also issued a positive statement. After all, there is a cash register requirement anyway, which means that every cash register is directly connected to the Ministry of Finance via an interface. However, the consumer must remain free in his choice.
According to the trade association, since the introduction of the cash register obligation, every transaction has been reported automatically, regardless of whether or not a receipt is printed. The proposal of the ÖVP is therefore welcomed.
Customers should be able to choose
However, customers must be able to obtain a receipt. With a chocolate bar, the voucher will hardly be relevant, but with a T-shirt it will be very relevant for a possible exchange, according to the trade association. And it is assumed that there is no obligation for a digital receipt and therefore for a conversion in retail.
‘Open to take the step’
“We are therefore open to this step, as long as there are no additional costs due to mandatory conversion efforts and bureaucracy in the processes,” says Rainer Will, general manager of the German trade association.
In the food trade alone, up to four million transactions are registered every day. Economically speaking, 2.8 billion transactions are assumed. And about 70 percent of those are under 30 euros.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
