Slovakia's Tax Authority Prepares Changes to Sales Registration Law with Lower Penalties

Slovakia's Financial Administration is preparing amendments to the electronic sales registration law that would introduce more proportionate penalties and clearer regulations. The proposed changes aim to create better conditions for honest entrepreneurs operating under the country's mandatory electronic cash register system. The electronic sales registration system, known as EKO, requires businesses to electronically record and report all sales transactions to tax authorities in real-time, but has faced criticism from business owners over complex compliance requirements and harsh penalties for violations.