The commercial management software program, Powersoft365 Stock Control/POS, connects with the approved Fiscal Electronic Marking Devices POW001 for the LEGAL electronic invoicing and receipts of retail and wholesale collection.
In accordance with the relevant provision of the Cypriot Legislation on Income Tax, which was adopted by the VAT Office of the Republic, all businesses that use Electronic mechanisms (HTM, HY, POS) are required to buy and install Fiscal Electronic Marking Devices for electronic invoicing and collection.
The Fiscal Electronic Marking Device is activated via an external device connected with electronic mechanisms which should be approved by the Department of Electromechanical Service.