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Czech Finance Minister Unveils Electronic Sales Registration Act 2.0 With Tax Relief and Business Support

  • The Czech Finance Minister announced the revised Electronic Sales Registration Act 2.0, set to take effect in January next year, with a voluntary registration period for entrepreneurs.
  • The Act aims to combat the grey economy and will include relief measures and benefits to support businesses.
  • There are no plans to raise taxes, but efforts will focus on efficient tax collection using sales records and audit reports.
  • From January 1st, non-alcoholic drinks in restaurants and cafes will have a reduced VAT rate, and voluntary tips in the service industry will be tax-exempt.
  • Additional tax breaks will be introduced for kindergarten fees, spousal allowances, and working students.

Source: fiscal-requirements.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.



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