Registration of sales (abbreviated as “EET” in Czech) is an advanced system of online communication between entrepreneurs and Financial Authority resulting from the Act on Registration of Sales No. 112/2016 Coll., as amended. Registration of sales helps to restore fair competition among businesses while ensuring the tax revenue of the state, without the need to raise taxes.
When?
Entrepreneurs will get involved in registration of sales as follows:
- First phase (1st December 2016) – accommodation and food services,
- Second phase (1st March 2017) – retail trade and wholesale,
- Third and fourth phase together based on an amendment to the Act on Registration of Sales (1st May 2020) – other activities.
Source etrzby.cz/
Latest Posts in "Czech Republic"
- New VAT Rules for Real Estate Sales 2025: Limits and Mandatory Registration
- New VAT Rules for Real Estate Sales: Key Changes Effective from 2025
- ECJ Upholds Czech Joint VAT Liability in Fuel Fraud Case, Validates EU Law Compliance
- Obligation to Correct VAT Deductions on Unpaid Invoices Effective January 2025
- Czech Republic Enacts New VAT Rules for Unpaid Invoices Starting January 2025