Do You Know Fiscal Signature Device-ESD

Tax control is the abbreviation of tax source control. It is a means for the national tax authorities to better understand and grasp the taxpayer's taxable behavior and strengthen the management of tax revenue sources. The main function is to avoid less collection due to the loss of tax sources. Taxation, everyone knows that taxation is one of the main sources of a country's fiscal revenue, so the amount of tax sources plays a decisive role in the scale of a country's fiscal revenue. Generally, countries control tax sources through tax-controlled cash registers and tax-controlled invoicing machines.

In order to cope with the diversification of the market, in addition to the fiscal cash register, and fiscal printer, here comes the fiscal signature device. The fiscal signature device is designed for authentication by signing financial documents produced by any personal computer (PC), such as tax invoices. It was first used in Greece and Kenya markets.

The fiscal signature device uses a special computer program - driver to generate a unique number (signature), which is appended to and printed out of each invoice issued by the user's system.

For many years, the main challenge of VAT collection has been to evade taxes by not issuing tax invoices, especially for small and medium-sized taxpayers. It is hoped that the introduction of ESDs will help curb this situation, as some countries' tax laws require electronic monitoring of sales transactions via GPRS modems to the Authority's central servers.

To further ensure compliance, buyers will be encouraged to request tax invoices generated by ESDs, as this is the only way to capture taxable transactions.

The benefits of using ESD

This will reduce the work of the Tax Authority which saves a lot of time and staff for the tax documents. 

And reduce controversy for the users, since the fiscal memory can provide indisputable evidence. 

It can help to increase taxes, Since electronic signatures validate the tight security and accuracy of all financial records, taxpayers' income is more easily disclosed and taxed, thus significantly increasing tax revenue.

Main achievement

For law-abiding citizens, adopting a fiscal approach represents a step towards a fairer society because the system will ensure that everyone pays their taxes;

For Tax Authorities, this means less time and energy wasted on tax audits and investigations

That's what Fiscat is all about, to provide professional fiscal devices to the user, to make things easier for the Authority!

If you are interested in the fiscal cash register, fiscal printer, or fiscal ESD, you are very welcome to contact us, see you soon~