Financial Administration officials have carried out over 55,000 checks
since the introduction of electronic cash registers, a measure introduced
by former Finance Minister Andrej Babiš to counter the grey economy and
The authorities have issued nearly 1,700 fines to the tune of 15 million crowns. Eight businesses were forced to close down for failing to follow the rules. The first phase of the four-stage measure was introduced in December 2016.
The law on electronic cash registers which is being introduced in several phases is likely to cause problems at upcoming summer music festivals. Many stall-owners who previous provided refreshments at these events are concerned about reprisals and are seeking ways to avoid having to issue receipts, while others have cancelled attendance. The organizers say they fear long queues and poor service.
The center-right Civic Democratic Party outlined its election program for October's general election and selected election leaders for individual regions at a conference in Prague on Saturday. Party leader Petr Fiala highlighted the party's intention to lower taxes and boost wage growth. The Civic Democrats have vowed to seek an exemption from euro adoption, promised to overturn the smoking ban due to go into effect at the end of May and scrap the law on electronic tax registers. According to the most recent polls the party would get 7.5 percent of the vote.
Farmers’ markets, which have proven to be hugely popular across the Czech Republic could be hit by the recent introduction of the new electronic cash registers system (EET), designed to clamp down on areas of the grey economy and to bring in more tax revenues. According to Czech news site iDnes, some stall owners have decided to yank their wares because of the EET. Farmers’ products will come under the third wave of the system, beginning in March of next year.
Around 138,000 businesses are now using the electronic cash registers system, according to the data released by the country’ tax bureau, the Financial Administration. So far, entrepreneurs have issued around 663 million receipts and the finance ministry officials have so far levied 83 fines to totalling 492,000 crowns. The system, under which businesses’ sales are relayed to an online taxation database in real time, entered its first phase in December 2016 and as of March this year, it also applies to retail and wholesale sellers. The third and fourth phases affecting business in fields such as transport, agriculture and craft production, will be launched in 2018. The measure was introduced by Finance Minister Andrej Babiš to counter the grey economy and tax fraud.
Agriculture Minister Marian Jurečka has said the Christian Democrats will not support planned third and fourth waves of the EET or electronic cash registers system introduced last December to increase tax revenues and clamp down on the grey economy. Speaking on a Sunday TV debate programme, Minister Jurečka said his party was against the next waves and would not support them after the election later this year. Questioned over the matter, he also said he would not serve as minister in any government that did. The third and fourth waves are to affect craftspeople and food producers such as farmers' markets. Fellow guest on the programme former finance minister Miroslav Kalousek charged that if the Christian Democrats, the junior party in government, had voted against the EET in the first place, no such step would be necessary. The electronic cash registers system is the brainchild of current finance minister Andrej Babiš, the head of the ANO party.
The second phase of a system under which cash registers record transactions in real time on a tax authority database has begun in the Czech Republic. From Wednesday around 250,000 retailers and wholesalers also come under the electronic cash register system, which is the brainchild of the minister of finance, Andrej Babiš. The first phase, involving pubs, restaurants and hotels, started in December. Mr. Babiš says the system will reduce tax evasion. Critics argue that it places an excessive burden on businesses.
No bill but regular membership fees, good beer and privacy: those are aims of more and more Czechs either founding or joining new so-called beer clubs, meant to replace classic, often ailing pubs in some towns and villages. According to Czech Radio, interest in founding new such clubs has jumped significantly, at least in part as a means of dodging the country’s electronic cash register system launched last December (and about to go into its second wave) as a means of bringing in more tax revenues and clamping down on the grey economy.