The Czech Ministry of Finance has announced that the government has approved the Ministry’s proposal to abolish the electronic sales recording requirements. The obligation to electronically record sales was introduced by the Act on the Registration of Sales, the implementation of which was previously extended to 1 January 2023. The decision to abolish the requirements (repeal the Act) was made considering the high administrative burden it would bring, as well as the fact that cash payments/sales (the primary reason for electronic recording) have been decreasing and are expected to decrease further with the share of non-cash payments forecasted to reach 80% by 2025.
Source Orbitax
Latest Posts in "Czech Republic"
- Implicit VAT Assessment Allows Later Reassessment and Penalty Within Limitation Period, Court Rules
- Is Interest Due on Overpaid VAT Under Securing Orders? Czech Case Referred to CJEU
- Czech Republic Proposes Modern Electronic Sales Reporting Law to Streamline Tax Compliance and Reduce Burden
- New VAT Rules for Immovable Property in Czechia Effective July 2025: Key Changes and Clarifications
- ECJ VAT C-513/24 (Oblastní nemocnice Kolín) – Judgment – Regulatory requirement alone insufficient for pro-rata VAT deduction for hospital equipment
