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Legal requirements #6
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Some jurisdictions do not impose a sales tax, while others do. Some include the tax within the price (VAT), in others, the tax appear as a separate line item charge. In some jurisdictions, there are different types of taxes that are collected for a city, district, or state. The easiest thing to do is to have an option where users could manually enter tax rates. Alternatively, you could also integrate Kasisto with a tax compliance service like Taxjar. Taxjar supports sales tax calculations from many countries around the world. EDIT |
I'll have the chance to talk with one of the founders of Blockpay.ch at the beginning of April and will ask him about this. They have created a POS system for other cryptocurrencies and I am pretty sure they have already answered these questions for themselves. |
What's necessary to meet legal requirements? I'm thinking about taxes, but there might be more to consider.
Kasisto will expect some existing receipt from another system, most likely printed. When a seller creates a payment request with Kasisto, they will be able to enter an associated receipt id. This could be via keyboard input, taking a picture of the receipt or scanning a barcode containing the receipt id.
Considering the seller can print a payment confirmation for the buyer and can export or print a transaction history for themselves, would this be sufficient to meet legal requirements?
If it's some specific issue, e.g. a certain country, please provide details.
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