It is no big secret that the Czech state budget is in serious trouble and is getting more and more into debt. Of course, it would be ideal if those responsible introduced austerity measures so that so much is not spent. But that’s not how the state works. He prefers to find new sources of income, while it is always true that there is something to be done.
End of tolerance
If there was some degree of benevolence somewhere that people could use, it will just be attracted. Now it awaits hundreds of thousands of Czechs who like to trade on various markets and sell their things here, whether used or handmade.
Until now, these marketplaces, which include, for example, Marketplace on Facebook or Aukro, but also various bazaars, have been in a certain gray area. People could use them and it was generally true that nobody paid taxes on income and profits. This was possible mainly because the individual points of sale were negligible and, due to their quantity, difficult for the tax authorities to trace.
However, this is changing now. And it must be said that the new European directive, which will also be adapted in the Czech Republic, does it very skillfully. This is because they will oblige the same sales platforms to report individual deals and sellers’ personal data to the financial administration. That way, he gets a lot more insight into whether someone is running a certain type of business here.
It can be very expensive
It goes without saying that if you sell something here and there in the markets, you probably won’t have any problems. There are a huge number of such transactions, and authorities should have trouble processing them even with the new data. The report will therefore mainly concern those who sell for more than 50 thousand crowns a year.
However, if someone is dedicated to it, they will overcome this limitation quite easily. And there are a considerable number of these people in the Czech Republic. They should now, in their own interest, pay the necessary sales taxes, otherwise they seriously risk being investigated by the Revenue Agency.
And that doesn’t have to be pleasant. In addition to the established tax, in the event of an inspection you will receive a hefty fine and you will also have to pay interest on the amount owed. Especially after the introduction of controls, many successful fortunes can be expected.
Auditors can look even further back into the past and measure backlogs over many years retrospectively. This could, in theory, literally pay off some traders who thought they didn’t have to pay taxes.
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