Rules, Regulations and Transaction Costs in Transition Bulgaria

it. Besides, if the permit to use both the devices is not renewed five years later, the entrepreneur will have
to purchase and install two new devices. This requirement is in fact unnecessary, as the entrepreneur is
entitled to issue cash receipts from a stub certified by the competent tax service in the event of power
failure or if the electric till is under repairs; 16
According to s. 13, subs 3 of the Ordinance, the certificate of worthiness of the type of fiscal device shall
be issued for a period of 5 years and there is no guarantee that it will be renewed on expiry. Thus, a fiscal
device, though perfectly worthy and well-functioning, would have to be changed five years later if the
permit for its use is not renewed. Let us not forget that the cheapest fiscal devices cost 250 Levs and this
not an immaterial expense for small merchants like most of the sellers at stalls and tables in the street. The
existing requirements virtually encourage the transfer of operations into the "shadow" sector.
The table below compares the mandatory particulars of primary accounting documents (as laid down in the Law
on Accounting) and the particulars of a fiscal till receipt required by Ordinance No. 4:
No. Particulars of primary accounting
documents required by the Law on
Accounting (s. 8)
1 Title of document Text "fiscal till receipt"
2 Name, address and tax number of issuing
enterprise
Particulars of fiscal till receipt required by the Ordinance on Registering
and Reporting Sales in Commercial Outlets, (s. 23, subs 2)
— Name, registered office and address of management of issuing
enterprise;
— Tax number and BULSTAT number of person/entity in question
3 Name, address and tax number of
enterprise with which the economic
operation is carried out and names of its
representative
4 Place and date of issuance; — Name and address of commercial outlet;
— Sequential number of till receipt;
— Date of issuance;
5 Christian and family names of the
persons having issued document;
Name and number of cashier/teller
6 Grounds and subject matter of the
economic operation
7 Description and value of economic
operation
8 Signatures of the persons in charge of
carrying out and documenting the
economic operation. If primary
accounting documents are issued by
way of automatic processing and the
primary accounting information is not
stored in a paper format, the signatures
are to be replaced with identification
codes.
9 Seal of enterprise (when invoices for
sales are issued)
— Name, quantity and price by type of goods or services purchased;
— Total purchasing price.
— Name and number of cashier;
— Individual numbers of the fiscal device and the fiscal memory.
Section 11 of the Law on Accounting stipulates that an accounting document not containing all the particulars
listed in the Law cannot be used as evidence. The table clearly shows that the sole data missing in a fiscal till
16 Section 37 of the Ordinance lays down the following time limits for repairing fiscal devices: 2 working days in cities and
4 working days in villages; if the fiscal memory needs to be repaired, the duration of repair works should not exceed 5
days.
6