Rounding off mandatory from 1 December

Thu, 14/11/2019 - 17:22 By Desk Solutions

Since 2014, businesses have been allowed to round off the total amount at the cash register to the closest multiple of 5 cents. From December 1, 2019, this becomes mandatory for all cash payments (also in combination cash - card). Businesses may apply these rounding rules to other payment methods, provided that a specific poster is displayed in its shop.

Who needs to round off?

The new obligation to round off is for any company that has economic interactions with consumers; such as traders, liberal professions, associations, ... The rounding off is not mandatory in the case of sale between private individuals or B2B sales.

How does it work?

The amount is rounded to the closest multiple of 5 cents,

  • If it ends on 1 of 2 euro cents, it is rounded to the lower x, x0.
  • If it ends on 3, 4, 6 or 7 euro cents, it is rounded to x, x5.
  • If it ends on 8 out of 9 euro cents, it is rounded to the higher x, (x 1) 0.

Is Retailpack compliant?

Absolutely, in Retailpack a rounding rule can be set per payment method. So you can choose for yourself if you set up the new rounding rules for cash payments or for every payment method.

money rounding off