The Beneficial WEB-SRM for Quebec Restaurants
Food is a favorite topic for all foodies. Generally, food-lovers have names of famous restaurants on their tip of tongue. And they recollect them only for the gourmet foods served there. But do we realize that restaurants are a business and is bound by laws and rules? Restaurateurs should obey these laws for the sake of their clients’ food safety and money safety. Apart from foods, it’s interesting to see these laws. For example, recently, an interesting development has taken place regarding Quebec restaurants.
Quebec is the second-largest province in Canada and is famous for many of its features which include local cuisine and warm hospitality. The restaurants in Quebec serve you smoked meat, poutine tiere (meat pie) and pea soup, that you should never miss if you visit the lovely Quebec City, the capital.
What is WEB-SRM?
According to Revenu Quebec, any restaurant providing catering services or bar in Quebec needs to have a SRM so as to comply with their financial standards. SRM stands for Sales Recording Modules and is designed to help Revenu Quebec lessen tax evasion and tax frauds. SRM can be physical (also known as physical MEV – Module dEnregistrement des Ventes) or online (WEB-MEV).
Of late, Revenu Quebec has made it mandatory for all Quebec restaurant businesses to switch from a physical SRM to WEB-SRM from 1st November 2023 until 1st November 2025.
How will the Quebec Restaurants be Benefited with WEB-SRM?
Here are the benefits of WEB-SRM that Quebec restaurants will enjoy:
- They will no longer need to buy physical SRM equipment, which cost more than $2000. So, they’ll save a big amount.
- They’ll further save money because they won’t have to repair or replace the SRMs.
- Good news! If they acquire SRMs after November 1, 2021, they will have $700 incentive per SRM!
- They will save space because they don’t need to dedicate particular space for this equipment.
- They can send invoices via text or email.
- They won’t have to go through the hassle of preparing a monthly report for each SRM as data transmission would be ongoing, thanks to the WEB-SRM.
And who knows, you also may be benefitted in terms of reduced costs on your favorite foods as restaurant-owners may happily pass the benefits of cost-reduction and incentive to their clients!
How do you find this new kind of information instead of the usual articles on recipes and restaurant reviews? If you find it interesting and wish to share your feedback with us, do so in the comment section below. Read other informative articles on this website too to know about world cuisine, restaurants and more!