The Czech Republic postponed the mandatory VAT electronic cash registered E-tržby requirement.
Registration of sales (abbreviated as “EET” in Czech) is an advanced online communication system between the taxpayers and the authorities.
Sales transactions in scope are business transactions paid in cash, cheque, by a promissory note, by payment via a meal ticket, an electronic wallet, voucher, etc. Direct bank account transfers and card payments made through payment terminals are not subject to the registration of sales.
Taxpayers submit an XML file that includes all transactions record. That is done by a cash register, a PC, or a mobile phone app. A transaction code is received back to have on the receipt.
The initial go-live date was August 19, 2020. The new date is due to COVID January 1, 2023. The system is fully operational, and businesses can use it voluntarily.
SAP add-on for the Czech Republic
KGT SAP add-ons for SAF-T, e-invoicing and MTD UK for VAT work as a standalone application within the SAP system and does not change existing customer SAP functionality or processes. It is fully configurable with custom namespace /KGT.
KGT partnered up with SAP regarding 'SAP Advanced Compliance Reporting for SAP HANA'. The 'Advanced Compliance Reporting' (ACR) service enables you to configure, generate, analyze, and electronically submit statutory reports that contain indirect taxes, such as value-added tax.
KGT provides also S/4 HANA transformation support.