Registration of sales (in Czech abbreviated as “EET”) is a system of online communication between businesses and Financial Authority.
The EET generally concerns all legal entities as well as self-employed individuals who are obliged to pay income tax in the Czech Republic.
Within the EET should be reported all sales that are generated from the business activity and are paid in cash, cheque, meal ticket, electronic wallet, voucher or other similar means. Direct bank account transfers and card payments have been excluded from the reporting.
Since December 2016, resp. March 2017 sales coming from accommodation, food services, retail trade and wholesale have been reported.
From 1 May 2020 also other business activities should be reported, such as freelancing activities, transportation, agriculture or production.
If you receive payments from your clients in cash or vouchers, you should think about preparing yourself for 1 May.