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POS Terminals Subject to New, Stringent Rules

POS Terminals Subject to New, Stringent Rules
POS Terminals Subject to New, Stringent Rules

Following plans to streamline the underperforming tax regime, the Central Bank of Iran has announced new restrictions on the use of point-of-sale (POS) terminals. 
Up until last week 120,000 POS machines of businesses were deactivated, according to Mehran Maharamian, the CBI vice governor for innovative technologies. 
"The blocked POS devices belonged to those who did not file tax returns, whose tax profiles were incomplete or people who were dead," the CBI public relations office quoted him as saying. 
The POS owners had failed to provide the Iranian National Tax Administration identity information needed to file tax returns.  

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