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Czech Republic Abolishes Electronic Sales Recording Requirements — Orbitax Tax News & Alerts

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.