An electronic record of sales is a new legal measure that offers more careful supervision over sales made by businesses in the Czech Republic. The Croatian system that has been in use since 2013 was adopted by the Czech Ministry of Finance. Its basic parameters served as a basis for the draft law. In the study we conducted a survey among small business owners to assess their preparedness and to quantify their costs associated with the introduction of electronic records of sales. The assumption

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... hat the respondents vary in their preparedness was confirmed. The respondents were divided into three groups: (i) without any equipment, they will have to get at least the minimum equipment, i.e. a tablet or a smart phone including an Internet connection, (ii) with some equipment, but they do not have e.g. an Internet connection module or they will need an upgrade, (iii) fully equipped, they will not have to pay any additional costs. As it was impossible to calculate the exact additional costs of well-equipped business owners, we focused on businesses without any technical equipment. Even in the least cost scenario, if they do not want to invest money in renting software, the costs will be approximately 7,600 CZK. The question remains whether the trader will be able to make a one-time payment for the equipment. They may claim a tax deduction on this equipment and subsequently a tax credit of up to 5,000 CZK. However, despite this, the future of traders for whom business is a secondary source of income seems uncertain.