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New electronic tills cash in HUF 5 bln

Banking

Businesses forced to buy a new electronic cash system directly connected to the Hungarian National Tax and Customs Authority (NAV) have been awarded HUF 5.3 bln in subsidies, NAV informed Hungarian news agency MTI today.

Most of the 139,466 tills already in place have been bought with the State subsidy. The new online cash register has been introduced in January and is aimed at reducing tax fraud. Almost all Hungarian retail businesses have had to instal new tills linked to the tax authority’s servers. The controversial new cash system has been burdened with a troubled run-up featuring numerous delays and technical problems. Many businesses have closed down as a result of the new system.

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