The cash maximum is a critical aspect of financial regulation, designed to minimize the risks associated with holding large amounts of cash on premises. Businesses are required to adhere to a set cash maximum limit and deposit any excess into a bank account within a stipulated timeframe.
Cash Maximum and Tip Handling in Croatian Cash Registers
Public
Croatia
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
54
Content accuracy validation date:
10.04.2024
Content accuracy validation time:
08:59h
Content
According to the ZFPG (Fiscalization in Cash Transactions Act), tips are treated distinctly from regular sales transactions. They are exempt from the cashier's maximum, meaning that the amount received as tips does not contribute to the cash maximum calculation. Consequently, there is no obligation for businesses to deposit tips into a bank account under the same conditions that apply to sales revenue.
This exemption provides flexibility for businesses in handling tips. It allows employees to retain tips without immediately affecting the business's cash flow or necessitating additional bank transactions. However, businesses must still manage tips responsibly and ensure accurate reporting for tax purposes.
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