The system, which was introduced to squeeze out tax evaders, is expected to provide HU 60 bln in revenue to the state budget this year, the state secretary said.

Since its introduction, National Tax and Customs Authority (NAV) has carried out approximately 8,000 inspections solely based on the monitoring system, NAV deputy leader Árpád Varga said. He noted that the authority uncovered HUF 6.4 bln in overdue tax obligations during these inspections.