Out of nowhere, we’ve had a really wild debate here about whether or not restaurants and various other businesses should accept credit cards. After all, people went out in droves for the holidays, and to their surprise, they found that the situation with card acceptance is getting worse rather than getting better, as one might expect.
The consequence of an ill-considered step
In many places today you simply cannot pay with a card, and these are no exceptions. It was also a topic at this year’s Karlovy Vary Film Festival, where the need to pay in cash was more of a trend. Unprepared people were literally loaded with their cards and running around the city trying to find an ATM where they could withdraw cash.
According to experts, this is due to the repeated escape of entrepreneurs into the gray zone, where it is not so hot to pay taxes. After a few years, the Electronic Record of Sales ended definitively, which means that there is no precise supervision of sales again, and if you get paid in cash, you simply do not have to declare such sales. Then you will not deduct income tax from it and keep the VAT. To make matters worse, you usually then also start paying the staff in cash, so-called in the black, so you save on social security and health insurance contributions.
With the abolition of the EET, all this began to be tolerated, as it were. Otherwise, it is hard to explain why this already functioning system, which was also producing results, should be disrupted, especially when it is a common practice in Western countries as well.
Foto: Shutterstock
They go for it from the forest
Instead of starting to think about reintroducing EET, the state is going in a completely different direction. On the contrary, there are proposals that businesses should be obliged to accept payment cards. In essence, it would be similar to today’s law on the circulation of banknotes and coins, which mandates the acceptance of domestic banknotes and coins without any restrictions.
However, the order to accept payment cards is seen by many as a step towards a cashless economy, where the use of cash would be gradually phased out and eventually banned completely. The state would then have complete control over all financial flows of its residents.
It’s just an example of how things go wrong here. Instead of entrepreneurs being legitimately controlled by EET, it ends up being controlled by absolutely everyone.
Foto: Shutterstock
2023-07-21 18:00:00
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