Financial Administration

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Electronic records of sales

From 2016, the Czech Republic will successively introduce system of the electronic records of cash sales of goods and services. "E-tržby“ (in English: e-sales, Czech abbreviation: EET) are modern way of prompt communication between the entrepreneurs and the Financial Administration of the Czech Republic.

Right in the moment of payment, every cash receipt will be recorded through the internet in the central data repository of the Financial Administration. A unique code for confirmation will be immediately sent back and stated on the bill. Subject of the recording will be all cash payments including means that de facto represent money (tokens, vouchers), payments by card or other electronic mean and payments by meal vouchers or cheques. Payments via wire transfer or by debiting won’t be subject to records. There will be also an off-line solution for the case of temporary internet connection failure or simplified version of the records for selected branches.

The electronic records of sales will make the possible fraudulent actions easily recognizable for the Financial Administration and customers. The e-sales (EET) system will increase efficiency of audits, which will be aimed only at businesses with inconsistency in their bookkeeping, not bothering the dutiful businessmen with unnecessary audits.

The Financial Administration of the Czech Republic finds it important to prevent the tax evasion negative impacts on dutiful entrepreneurs and, by extension, all citizens who pay their taxes duly.

 

Who?
Compulsory tax subjects, which will be required to record their sales:

-  legal persons with business activity;
-  natural persons with business activity with tax residency in the Czech Republic.

 

When?
The aim is to introduce the e-sales (EET) system gradually:

1st phase – (i.e. since the initiation of the system) persons providing catering and accommodation services;

2nd phase – (i.e. 3 months after the initiation of the system) persons performing retail and wholesale business;

3rd phase - (i.e. 15 months after the initiation of the system) other business activities with exception of those included in the next phase;

4th phase - (i.e. 18 months after the initiation of the system) selected crafts and business activities (e.g. husbandry, transport, freelancers).            

 

How does it work?
Technical solutions and functioning of e-sales (EET):                   

  1. Entrepreneur sends a data message on the transaction in .XML file to the Financial Administration (using PC, tablet, cell-phone or cash-register).
  2. The Financial Administration will send an acknowledgement receipt with a unique code of the receipt.
  3. Customer receives the receipt.
  4. Customer can check the record of the sale through the web application of the Financial Administration.

The technical solution requires a device that can communicate electronically via the Internet (PC, tablet, cell-phone, cash register, …) and the internet connection upon receipt of payment. It is only the entrepreneur’s decision what type of cashier equipment and software he/she chooses to use as long as the obligation to send a data message and issue the receipt is fulfilled.