President Klaus signs bill on monitored cash registers

19-05-2005

The Czech President, Vaclav Klaus, signed a bill into law on Thursday that requires all cash register activities of small businesses to be recorded and monitored. The lower house of Parliament proposed to monitor cash registers in order to help the government fight against the grey economy. Small retailers and restaurants will be obliged to use the registers as of January 2007. Those who would fail to comply could be fined up to half a million Czech crowns.

Also on Thursday, the President has refused to sign bills into law with which the government hoped to simplify the work inspection system.