March 25, 2015
The Czech government submitted for comments a draft law on electronic registration of sales as new modern variant of cash registers.
The new obligation should touch up 600,000 merchants, restaurant operators, hoteliers, craftsmen and providers of other services.
The law should begin to apply January 2016 and will be introduced in phases.
Since January 2016, the electronic records should apply to companies that do business in catering and accommodation services. From April retail and wholesale companies will be included in the system. Since July, revenues should also report individuals who operate a restaurant, hotel or store…
The success of the new law is based on the following assumptions:
- The system must be online. Each receipt before printing is sent to the tax authority for verification and signature;
- Possibility of the customer to verify that the transaction was duly registered in the system of tax administration;
- Each customer is obliged to take receipt;
- Tax rates will be reduced from 21% to 15 %;
- Each account is participating in the lottery;
- It is not necessary to certify devices or programs.
