Czech Republic MOF Submits Bill for Updated Sales Registration System, Individual Income Tax Relief

The Czech Ministry of Finance Feb. 19 announced submission of a bill to introduce sales registration system EET 2.0 from Jan. 1, 2027, with a January 2027 pilot phase, and provide individual income tax relief. The bill includes measures to: 1) ensure EET 2.0 compatibility with EET 1, and require receipts only upon customer request with no printing obligation; 2) allow EET 2.0 to record in-person cash, credit card, cryptocurrency, QR code, and other payments, and provide an alternative EET OFF regime for specified small businesses with annual income up to 1 million Czech korunas (US$48,681), and monthly lump-sum tax ...