SAUDI IQAMA HELPER: 1895 Bakkalas And Mini-markets Have Been Fined In Four Days For Not Installing E payment System

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Riyadh - The Ministry Of Commerce Announced That 1895 Bakkalas And Mini-markets Have Been Fined Over Four Days For Not Installing Point Of Sale Equipment. Point-of-sale Equipment Has Been Made Compulsory In Bakkalas And Mini-markets From 10 This Month. The Ministry Of Commerce Conducted Field Inspections In 9677 Bakkalas And Mini Markets Over Four Days To Ensure That E-payment Systems Were Made Available.

In The Four Days Since The E-payment System Was Made Compulsory, 80% Of Bakkalas And Mini-markets Inspected By Commerce Ministry Teams Have Installed Point-of-sale Equipment. About 20 Percent Of Firms That Did Not Employ Point Of Sale Equipment Were Immediately Fined. A Total Of 1895 Firms Were Fined In Four Days.

The Ministry Of Commerce, The Ministry Of Municipal And Rural Affairs And The Saudi Arabian Monetary Authority Have Made It Mandatory For E-payment Systems In Bakkalas And Mini-markets. The Anti-benami National Program Has Already Decided To Make E-payment Systems Compulsory In Bakkalas And Mini-markets From 10 This Month. Commerce Ministries Are Instantly Penalized By Institutions That Do Not Comply With Them. Firms That Violate The Law Will Be Fined Twice As Much.