Czech Parliament Approves Return of Electronic Sales Records Starting Next Year

The Czech Chamber of Deputies has approved the return of electronic sales records (EET), a system that will once again require businesses to register certain payments. However, the new version will differ from the original system introduced in 2016. One of the main changes is that businesses will no longer be required to automatically print receipts for customers. Smaller self-employed entrepreneurs will also be able to use a free state-provided application to record sales through a smartphone. Finance Minister Alena Schillerová said the restored system could bring additional revenue of at least CZK 14.4 billion per year. The government argues that EET will create equal conditions for businesses and prevent companies that follow the rules from being disadvantaged. Unlike the previous version, the renewed EET system will focus only on certain types of payments. It will apply to direct transactions such as cash payments, card payments made at a physical location, and QR code payments. Online payments made through e-shops will not be included in the system. Smaller businesses will have exemptions The legislation also introduces several exemptions from mandatory sales registration. Among those excluded will be self-employed people with annual turnover of up to CZK 1 million who use...

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