Expected benefits of the new generation of cash registers in Greece
The latest generation of secure ECRs is electronic (online) cash registers (OCRs). OCR systems send transaction data periodically or in real-time to the tax administration and can facilitate the detection of such practices by providing tax authorities with large amounts of data from part or all of the retail sector. This allows the tax administration to analyze the data through advanced analysis techniques to reveal patterns that indicate a higher risk of misuse of the tax register and underwriting of transactions. As more data is collected from the registers over time, the quality and efficiency of the algorithms in detecting anomalies for further investigation improves.
The project as a part of the National Recovery plan is considered to be due somewhere in June 2024, as the authorities have mentioned probably by the end of June 2024.
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