Czech government puts a freeze on electronic cash register system
Photo by Alexandros Michailidis / Shutterstock.com
The Czech government has voted to suspend further introduction of its electronic cash register system (EET), which obliges entrepreneurs to report their earnings electronically, until the end of this year in view of the coronavirus crisis, Czech Radio reports.
Czech Finance Minister Alena Schillerová at an Economic and Financial affairs meeting council (ECOFIN) at the European Council on February 12, 2019. Photo by Alexandros Michailidis / Shutterstock.com
The latest phase in the staged rollout of the electronic cash register system, effecting trades people and doctors, had been due to enter force at the start of May. Instead entrepreneurs in all professions will be relieved from having to report their earnings.
Finance Minister Alena Schillerová said the government was not giving up on what has been a divisive system, but wanted to give entrepreneurs time to restart their businesses without any additional duties.
Prime Minister Andrej Babiš introduced the EET in 2016, when he was serving as finance minister, to counter the grey economy and tax fraud, Czech Radio notes.
ÁKK Sells HUF 50 bln of Bonds at Auction, Over Plan
Hungary to Address Future of Cohesion Policy During EU Presi...
Foreign-owned Companies Generate Over Half of E-tail Turnove...
Time Out Market to Open in Budapest Next Year
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
