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Restaurants, bars and the self-employed forced to have card terminals from AugustCrucially, as of August 1, bars, clubs, restaurants, doctors, lawyers and construction-related professions (plumbers, electricians etc.) will all be obliged to have card terminals. Further, any new enterprise that applies for an operating license must also have a POS, Kathimerini understands.
Card use can add 1 bln to VAT takingsIf all transactions between businesses and citizens and the former and the state were conducted electronically, the illegal economy would be reduced by 10 percentage points – from over 25 percent of the economy today – and value-added tax revenues would increase by 1 billion euros per year, according to a study by the Hellenic Federation of Enterprises (SEV).