- Introduction of EET 2.0: The Czech government has confirmed plans to launch EET 2.0 on January 1, 2027, aiming to modernize electronic sales reporting, reduce administrative burdens for entrepreneurs, and support digitalization across various sectors.
- Key Features and Exemptions: EET 2.0 will utilize modern technologies, eliminating the need for mandatory receipt printing and constant online connectivity. Small businesses and individuals with occasional side income will be exempt from the requirements, and free software will be provided by the Financial Administration of the Czech Republic.
- Compensatory Measures and Impact: To ease the transition, the government will implement relief measures such as reduced VAT rates for the gastronomy sector and tax holidays for new businesses. Businesses with modern POS systems are expected to transition smoothly with minimal changes, primarily through software updates and potential hardware adjustments.
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- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
- Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
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