As part of the group of European fiscal countries the Czech Republic introduced fiscalization back in 2016 in order to prevent and fight VAT frauds.
Main characteristic of fiscalization type in the Czech Republic, so called online fiscalization, is a real-time reporting of fiscal relevant transaction via internet to tax authorities. This type of fiscalization was first introduced in Croatia and because of its many positive effects, first Slovenia and after that the Czech Republic, followed the same model with some minor adaptations and changes.
There are no mandatory hardware devices that has to be used (e.g. certified fiscal printers). There is no certification process for POS applications. It’s only mandatory to support certificates for signing fiscal relevant transactions and communication with Tax Authorities via internet.
From the 1st of May 2020 – other activities such as the liberal professions, transport, agriculture, crafts and manufacturing activities are also obliged to record sales online.
Contribution by JB Fiscal Consulting
Latest Posts in "Czech Republic"
- EU Court Clarifies VAT Deduction Timing When Invoice Received After Taxable Supply but Before Filing
- EET 2.0: New Cash Register Rules, Exemptions, and Benefits for Businesses and Employees from 2027
- VAT Rules for Real Estate Sales: Substantial Changes, Social Housing, and Taxation Options Explained
- EGC VAT T-53/26 (Central Europe Mark) – Questions – Examination of Tax Neutrality and Proportionality in Securing VAT Payments Without Interest Compensation
- VAT Deduction Cannot Be Claimed Retroactively via Additional Tax Return Without Tax Document
