Czech Republic Lower House Considers Bill on Updated Sales Registration System, Individual Income Tax Relief

The Czech Chamber of Deputies May 11 accepted for consideration Bill No. 189/0, to introduce sales registration system EET 2.0 and provide individual income tax relief. The bill includes measures to: 1) remove the obligation to issue and hand over a receipt; 2) require taxpayers to record contact payments, and allow various flat-rate regime taxpayers with income up to 1 million Czech korunas (US$48,247) to apply a surcharge exempting them from the obligation to record sales; 3) reintroduce tax credits for students and kindergarten fees; 4) adjust the scope of exempt non-cash employee benefits; 5) exempt tips allocated to employees ...