Naftemporiki — A law obliges all traders to place a sign outside their premises and in a visible location near their cash registers to inform consumers whether or not they are equipped with a terminal (POS) to handle electronic transactions.
Failure to post the sign could result in a fine of up to 1,000 euros.
The provision is of a series of measures announced by the finance ministry in order to combat systemic tax and VAT avoidance in the country.
An updated list of service categories that must install a POS terminal — including wireless devices — and offer electronic transactions to consumers. is expected from the finance ministry in the near future.
The measure is aimed at craftsmen (plumbers, electricians, painters) as well as more white-collar service providers, such as physicians, civil engineers and lawyers.
