Laws need updating to support move to allow card payment for all transactions

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Laws need updating to support move to allow...
 © CyprusMail 2021
The House commerce committee on Tuesday discussed credit card charges ahead of a new decree mandating all businesses accept card payments, which is due to come into effect this coming Sunday.

The finance ministry decree was approved by the cabinet in June and will oblige doctors, lawyers and retail businesses among others to accept plastic money in a bid to fight tax evasion.

Disy MP Kyriacos Hadjiyianni, who leads the committee, said members discussed in depth the management of costs incurred or passed on to consumers through electronic payments, and identified gaps in existing legislation that...


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Article automatically added to our system on Tuesday, September 14, 2021

Laws need updating to support move to allow card payment for all transactions


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Article Tags: #updating   #support   #allow   #payment   #transactions  


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