In an attempt to crack down on tax evasion, the Hungarian government recently mandated businesses to install electronic tills that directly communicate with NAV, and the government is expanding the types of businesses required to do so including cosmeticians, hairdressers, fitness centers and taxis, the paper added.
Pankucsi said the draft legislation on the measure was essentially ready and could be passed by Parliament in just a few weeksʼ time.
An increase in the types of local businesses obliged to use tills directly connected to Hungarian tax office NAV would require the installation of more than 70,000 such devices, according to Jenő Madarász, managing director of Alt Cash, which sells the tills.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
