Fiscal Network was design to automate the capture and delivery of fiscal data to the government of Puerto Rico
The Fiscal Network is a network designed to increase per capita Sales and Use Tax (“Impuesto Sobre Ventas y Uso”, IVU) collection. It is used to register, communicate and periodically audit transactions that take place in all point of sale businesses in Puerto Rico.
Through fiscal terminals, TxPort©, TxServer©, TxCloud© and SUT terminal, sales transactions (cash, checks and cards) are captured and automatically transferred.
Fiscal Network Benefits
- Increased supervision of sales tax collection
- Centralized merchants’ information in data repository, allowing better supervision and control
- Simplifies form submission and payment processes