IMPLEMENTATION OF ELECTRONIC RECORDS OF SALES IN THE CZECH REPUBLIC AND IT’S ECONOMIC BENEFITS
IMPLEMENTATION OF ELECTRONIC RECORDS OF SALES IN THE CZECH REPUBLIC AND IT’S ECONOMIC BENEFITS

Author(s): Marta Martinová, Martina Hedvičáková, Libuše Svobodová
Subject(s): National Economy, Business Economy / Management, Economic policy, Fiscal Politics / Budgeting
Published by: Masarykova univerzita nakladatelství
Keywords: electronic records of sales, tax; Croatia; costs;
Summary/Abstract: This article aims to evaluate the main benefits and effects of the Electronic records of sales (hereinafter referred to as EET). EET obligation was compulsory established for all legal entities doing business in the country. EET system is starting in several stages. The first stage covered the restaurants and hotels. The second stage covered approximately 250 thousand of traders. Final third and fourth stage will cover the rest of legal entities in the Czech Republic. The objective of implementing the EET system is straightening business environment for all legal entities in the Czech Republic, because part of the economic activity takes place in the so-called shadow zone that is not under the control of financial administration of the state. State administration expects the increase of tax collection. In the article there will be examined recent experience with tax collection and the impact of implementing EET on the state budget. There will also be evaluated the benefits to businesses and government entities. Based on the review of existing models of Electronic records of sales there will be compared amount of collect taxes and economic situation with other countries that have implemented EET with an emphasis on the Republic of Croatia.

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