MOSCOW, September 4 (RAPSI) – The Federation Council members Lyudmila Bokova and Vladimir Poletayev have submitted a bill to enhance security of fiscal data handled in Russia to the State Duma. The document has been published on the official website of draft laws and regulations.

The bill envisages that the fiscal data base, which includes all payment information recorded through cash register equipment, must be stored in Russia.

Thus, the draft law would ban operators, i.e. companies carrying on recording, processing, storage and transmission of fiscal data, from transfer of information to foreign authorities, companies or individuals. Exception to this rule applies where such transfer is the operator’s obligation under an agreement with a cash office’s user, when a cashier's cheque or receipts must be sent to a client via e-mail. In such cases, e-mail accounts may be registered abroad.

The bill is aimed at protection of interests of the state, citizens and companies from illegal use of information concerning payments conducted in Russia and development of rivalry on the market of fiscal data transfer, an explanatory note to the bill reads.