The Czech finance ministry defended its decision to stop electronic monitoring of sales despite concerns over losing a valuable analytical tool for detecting tax evasion.
A press officer for the finance ministry said in a statement Monday the 2022 decision was justified because of high implementation and operating costs of the system — known under the acronym of EET — and declining cash transactions which the system targeted.
The country’s Supreme Audit Office published a report Monday stating scrapping the system meant the loss of “one of the important tools for targeted investigation of tax evasion.”
- The system ...
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