Mediafax (Mediafax)
Taxes and Accounting  |  September 04, 2012 10:30:05

The Ministry of Finance is considering the introduction of a central repository of financial data


PRAGUE (MEDIAFAX) - The introduction of accounting data repository that was created as a byproduct of the electronic communication between payers of value added tax, the Finance Ministry is considering. It would thus combat tax evasion, said Tuesday at a meeting of the parliamentary budget committee 1 Deputy Minister Ladislav Minčič.

"If (subject to VAT) communicate with each other and with the way you click on someone sending the invoice to your partner, so copies could be directed to a central repository," said Minčič referring to the amendment of the VAT, which is currently being discussed in the budget committee. This would in the case of parliamentary approval and signature of the President should bring an obligation to file tax returns electronically, an exception should be individuals with turnover of up to six million."What gets my business partner, could learn and tax administration without being filled with the message," said the deputy.

Registration advantage over treasuries should be no cost to merchants. "Our intention is to avoid increasing administrative demands, or other costs associated with raportováním," assures Minčič with the fact that it could lead to local exchanges in electronic memory such as the control of the checkout.

Cash registers, the Czech executive tried to introduce in 1996 as a tool to reduce the gray economy. Later, the obligation to postpone their introduction in 2008, the then Minister of Industry and Trade Martin Riman (ODS) purchase obligation cash aside.

Jan Drahorád, drahorad@mediafax.cz

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