Electronic Records of Sales

19. 8. 2015

A number of discussions concerning the introduction of Electronic Records of Sales (ERS) has been reported in the media; a system, which should be gradually implemented starting January 2016 in the Czech Republic. It should also be noted that the bill has been given the first reading in the Parliament and should be debated in the Budget and Economic Affairs Committees on 2 September.ERS is set to be a modern system of communication between businesses and the Financial Administration with the main goals being prevention of takings cuts, elimination of competitive disadvantages and improvement of the market environment.

ERS is based on recording all payments (i.e. in cash, bank transfers, by cheque, bank draft, bill or another payment method) with the customer receiving a receipt with a unique code. The practical procedure should be as follows – while a payment is being made, the trader sends a data message via internet to the Financial Administration server, where it is going to be stored and a code is going to be generated and sent back to the trader without delay, who will, using an electronic till or a similar device, print it onto the receipt.

At the moment, it appears that there are several groups of businesses obliged to report their revenues using the system; namely, businesses providing services in accommodation, catering and hospitality (CZ-NACE groups 55 and 56; commencing during the first quarter of 2016) and wholesalers and retailers (CZ-NACE groups 45, 46 and 47; commencing during the second quarter of 2016); other businesses should be exempted for the time being.

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