Certified software for money exchange bureaus

on . Posted in News

fiscalizatio-exchangeOn 3 December 2012, the Cash Transaction Fiscalization Act has been published ("Narodne novine", n. 133/12), on the basis of which authorized money exchange bureaus are also considered to be fiscalization subjects.

In regards to this, the authorized exchangers are now required, while buying or selling foreign currency, to issue receipts which contain the elements prescribed by the aforementioned Act.

The authorized exchangers are still required to utilize computer programs for which the Croatian National Bank has issued certificates on the basis of the Foreign Currency Transactions Act ("Narodne novine", n. 96/03, 140/05, 132/06, 150/08, 92/09, 153/09 and 145/10).

The authorized exchangers are reqiured to conduct the sales or purchase of foreign currency using an application which allows for the transaction to be fiscalized and using a certified computer program, wherein the two activities are to be done one immediately after the other.