Feb 22 • 04:30 UTC 🇨🇿 Czechia Aktuálně.cz

EET from 'Aunt Alena'? Vietnamese entrepreneurs shrug their shoulders. They said what they think about the return

Vietnamese entrepreneurs in Czechia are cautiously awaiting new electronic sales registration measures, recalling the challenges they faced with the original implementation a decade ago.

The potential return of the electronic sales registration (EET) project, initially introduced by former Czech Finance Minister Andrej Babiš, is stirring mixed reactions among Vietnamese entrepreneurs in Czechia. Alena Schillerová, the current head of the state treasury, has unveiled plans for a revised EET system, aiming for a pilot phase in January 2027. This project had previously caused significant concern within the Vietnamese community as they faced increased operational costs and challenges related to compliance with internet connectivity and accounting standards.

Ten years ago, the announcement of EET marked the beginning of a period of anxiety for many Vietnamese merchants, who felt targeted by government scrutiny while trying to manage their businesses in competitive market environments. Back then, the visit from Babiš to the Sapa market, where he discussed EET's potential impact on the so-called grey market practices, heightened fears among this group, compelling them to adapt quickly to new regulatory demands. The latest development has led them to adopt a mostly resigned attitude, with comments indicating that they will adjust once the specifics of the EET reform are clarified.

Vietnamese entrepreneurs have expressed that they recognize the necessity of compliance yet are wary of the implications that come with changes to the EET. The community's past experiences reinforce a cautious yet pragmatic view, showing their willingness to adapt to changing regulations while hoping for a smooth transition this time around. As the government prepares to roll out the new system, the ongoing dialogue reflects a lasting impact on the local economy which continues to evolve alongside new regulatory frameworks.

📡 Similar Coverage