Earlier this year Czech government announced that it will repeal the Act on the Registration of Sales and, therefore, abolish the EET system. Minister of Finance Zbyněk Stanjura stated „In the government's program statement, we committed ourselves to abolish EET, because it brings unnecessary administration to entrepreneurs, which together cost and operate cash register equipment costs about 1.5 billion crowns every year. If you add the total cost on the part of the state of about half a billion crowns a year, I see no reason to continue in EET. All the more so because, by law, it is only allowed to record cash sales, which, according to estimates, should be only about one-fifth compared to non-cash payments in 2025. Logically, over time, the hypothetical budget contribution of EET to the state budget is close to zero.“
Debate on abolishion of EET continuous in the Czech Republic – should a voluntary registration regime be supported?
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DEMO - Czech Republic
Author: Kristina Dosen
Category:
Fiscal subject related
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652
Content accuracy validation date:
10.06.2022
Content accuracy validation time:
08:01h
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A few months later, there are some that questioned this decision and support the opinion that electronic sales records should be kept and maintained, at least on a voluntary basis. This view is based on the progress in digitization and other benefits that electronic sales records brought. Additionally, by supporting at least a voluntary electronic sales registration regime, the foundations for the next phase of digitalization of the economy could be laid, which would concern ordinary business transactions of citizens and streamline communication between entrepreneurs and the state in the field of tax returns. Also, voluntary electronic records of sales, that were originally planned for the 3rd and 4th waves, could be introduced almost immediately with the help of a minor amendment to the Sales Records Act.
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