NAV suspends farmersʼ online billing requirement

Sights

pexels

The Ministry of Finance welcomed an initiative from the National Chamber of Agriculture (NAK), enabling the National Tax and Customs Administration (NAV) to provide a penalty-free period for the online billing service between July 1 and September 30, writes agroinform.hu.

Image by Pexels

In view of the economic difficulties caused by the coronavirus epidemic and the increase in the number of persons required to provide data to NAV online, which particularly affects smaller farmers who have not been required to provide data due to the HUF 100,000 threshold, NAV should allow farmers to learn and use the system instead of immediately sanctioning it, according to NAK.

NAK’s intention has been welcomed by the Ministry of Finance, so NAV has decided to grant a penalty-free grace period, the agriculture website adds.

ADVERTISEMENT

Takarékbank lowers 2021 GDP growth forecast to 6.9% Analysis

Takarékbank lowers 2021 GDP growth forecast to 6.9%

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

New partner announced at act Bán & Karika Attorneys at Law Appointments

New partner announced at act Bán & Karika Attorneys at Law

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.