From today, 1 March, more than 200 thousand large and small companies in the Czech Republic are obliged to start using the electronic accounting revenue system (EET), if they accept payment by cash, card or any other means other than a bank transfer.

In the first phase of the system of electronic accounting of revenue, on December 1 the catering and hotel business were targeted. From today EET covers all retail and wholesale trade, the third phase starts on March 1, 2018, and it applies to all employers.

The Government of the Czech Republic believes that the electronic accounting of revenue will bring in the state treasury each year more than 18 billion crowns.

From Warwickshire, UK. Journalist, editor and presenter. BA. Hons. Journalism, Liverpool John Moores University (BJTC certified).