Czech Government Signs Off on Relaunch of Tax Reporting on Sales

The Czech government approved Monday a legislative proposal for the 2027 relaunch of electronic sales reporting to tax authorities.

Subject to parliamentary approval, the new system for tracking in-person point-of-sale transactions would replace an earlier regime in effect from 2016 until its 2023 repeal, and is billed as cheaper and less administratively burdensome for businesses.

Reporting would be limited to a basic data set, with no requirement to print paper receipts, among other simplifications.

The proposal would also allow entrepreneurs with annual revenues of up to 1 million Czech koruna ($48,000) to opt out of reporting while paying a ...