Varga: Electronic till system to be expanded

Banking

The Hungarian government is planning to expand the mandatory use of electronic tills to auto mechanics, taxis, laundries and currency exchange offices, Hungary’s National Economy Minister Mihály Varga said today, according to state news agency MTI.

Hungary introduced the mandatory usage of electronic cash registers, or e-tills, in 2014 as part of a series of measures to crack down on tax evasion in the country. According to Varga, the introduction of the tills raised tax revenue by HUF 180-190 billion in 2014, MTI reported.

The Hungarian government is also planning to launch an electronic invoicing system, with direct connections to NAV, MTI added.

By the beginning of November, some 180,000 electronic tills were in operation, NAV announced, according to MTI.

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