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?
Public
DEMO - Czech Republic
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
952
Content accuracy validation date:
10.06.2022
Content accuracy validation time:
08:01h
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.
Other news from DEMO - Czech Republic
The Czech Republic E-commerce: Essential Steps Before Launch
Public
DEMO - Czech Republic
Author: Ema Stamenković
DEMO - Czech Republic
Author: Ema Stamenković
To start an e-shop, define what you’ll sell, your target customers, and revenue plan. Research the market and competition. Choose logistics: own warehouse (control, costly), drop shipping (no inventory, less profit), or fulfilment (outsourced storage/shipping). Pick sales channels: custom e-shop (expensive), platforms like Shopify (affordable), marketplaces (fees, competition), or social media (co... Read more
TLv6 Implementation Marks Significant Shift in EU’s Trust List Format
Public
All countries
Author: Ivana Picajkić
A new EU Trust List format, TLv6, will officially replace TLv5 in May 2025 as part of the updated eIDAS Regulation (EU 2024/1183). It introduces key technical changes like a new URI field, updated signature format, and optional phone number support. Organizations must update their systems to avoid signature validation failures and service disruptions, as TLv5 will no longer be valid once TLv6 take... Read more
Correction of the tax base and other changes in Czech Republic in the area of VAT from 2025
Public
Author: Ivana Picajkić
Starting in 2025, several significant changes to Value Added Tax (VAT) regulations will be implemented, including extended deadlines for tax base corrections, new VAT registration limits, simplified procedures for bad debts, and adjustments related to real estate transactions. The changes are as following: Corrections to the Tax Base: The period for correcting the tax base will extend from 3 ye... Read more
New document was uploaded: Recorded webinar: E-invoicing for Global Retailers
Public
All countries
Author: Kristina Dosen
If you are struggling with complex e-invoicing implementations across multiple countries, and if you are concerned about mounting costs, potential delays, or compliance risks, our webinar will help you to learn how global retailers can streamline e-invoicing efficiently! With countries worldwide mandating e-invoicing, international retailers face unique challenges adapting to new regulations acros... Read more
Apple's Tap to Pay software, which allows sellers to accept cashless transactions without a payment terminal, has just arrived in the Czech Republic
Public
Author: Ivana Picajkić
Tech company Apple has significantly simplified payment processes for small businesses and consumers across the country by making its Tap to Pay service available in several European nations, including Czechia. Launched in 2022, Tap to Pay now complements the Czech Cvak service as a modern solution for cashless transactions that does not require a traditional payment terminal. With Tap to Pay, iPh... Read more
New document was uploaded: Recorded webinar: It’s time to grow together
Public
Author: Kristina Dosen
In this discussion, we have introduced our new partner program and what is essential for international growth, while dealing with topics such as - Success factors for POS applications - What does globalization mean? - How to grow globally? Furthermore, we presented benefits for our partners. Last but not least, we presented our fiscal cloud architecture and its important features.You can down... Read more
ViDA implementation is likely to be postponed.
Public
Author: Kristina Dosen
The European Union (EU) may postpone the implementation of its ambitious VAT reforms for the digital economy by one year, according to a proposal from a key parliamentary committee. The VAT in the Digital Age (ViDA) proposal, which was unveiled by the European Commission in July 2020, aims to modernize and simplify the VAT rules for online businesses and platforms and to introduce mandatory digit... Read more