ELECTRONIC RECORDS OF SALES AND IT’S COSTS FOR THE COMPANIES IN THE CZECH REPUBLIC
ELECTRONIC RECORDS OF SALES AND IT’S COSTS FOR THE COMPANIES IN THE CZECH REPUBLIC

Author(s): Libuše Svobodová, Martina Hedvičáková, Marta Martinová
Subject(s): Business Economy / Management, Accounting - Business Administration
Published by: Masarykova univerzita nakladatelství
Keywords: electronic records of sales; costs; implementation; traders;
Summary/Abstract: This article aims to evaluate the main costs that are connected with implementation and use of the Electronic records of sales (hereinafter referred to as EET) in the Czech Republic. We will focus on the business environment of the small enterprises. The costs will be calculated for small traders. EET obligation was compulsory established for all legal entities doing business in the country. EET system is starting in four stages. The first stage (started 1.12.2016) covered the restaurants and hotels. The second stage (started 1.3.2017) covered approximately 250 thousand of traders. Especially for these companies will be an analysis done. Technical solutions can also be used for other business activities. Final third and fourth stage of the introduction of EET will cover the rest of legal entities in the Czech Republic (will start 1.3.2018 and 1.6.2018). During processing this paper were used professional resources but also the information from various providers of technical solutions EET. Even though the fact that the state contributes in the first year a one-off tax relief for EET in the amount of CZK 5,000, the cost of acquisition and use of technology are usually already in the first year higher than the one-off tax relief. In subsequent years of use, the operation of technologies the entrepreneurs already finance by themselves.

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