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/
