NAV receives 100 millionth online invoice

Tourism

In the summer, online invoicing was taken to a new level, so the 100 millionth online invoice has already been received by the National Tax and Customs Administration (NAV), said State Secretary for Taxation Norbert Izer, of the Ministry of Finance, according to portfolio.hu.

Prior to July 1, the tax office received an average of 2.1 million bills per month, a number that more than increased tenfold to 22.8 million in July, Izer said.

He stressed that the online invoicing system introduced on July 1, 2018 was also recognized by the European Commission. According to a table in the Commissionʼs study on VAT margins published on September 10, in 2018 tax evasion decreased most in Hungary (by 5.1 percentage points).

Hungary Account Deficit at EUR 561 mln in Q4 Debt

Hungary Account Deficit at EUR 561 mln in Q4

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.