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.“
Source: fiscal-requirements.com
Latest Posts in "Czech Republic"
- Czechia Uncovers €187 Million VAT Fraud Scheme in Electronics Trade; Seven Charged, Assets Seized
- VAT Group Registration Deadline Approaching – Apply by October 31, 2025
- EU Approves VAT Modernization: Electronic Invoicing and Digital Reporting by 2030
- EU Packaging Regulation Faces Legal Challenges Over Reusability, Plastic Ban, and Deposit Requirements
- ECJ VAT C-513/24 (Oblastní nemocnice Kolín) – AG Opinion – Costs for non-deductible VAT activities do not guarantee proportional deductions