- The original Electronic Sales Records (EET) system in the Czech Republic, aimed at reducing tax evasion through online reporting of cash sales, was abolished in 2023 after being paused during COVID-19.
- EET 2.0 is planned to launch in January 2027, with a more digital, less bureaucratic approach, including mobile app registration and digital receipts.
- The new system will cover most entrepreneurs, including retail, gastronomy, services, and crafts, with minimal exceptions.
- Expected benefits include a more transparent market, digitalized accounting, and real-time cash flow reporting; drawbacks include implementation costs and possible sanctions for errors.
- Self-employed and freelancers will have lower costs due to mobile solutions, but must adapt to digital processes.
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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