ADVERTISEMENT

Road haulage companies to pay risk deposits from March 11

Analysis

Haulage companies delivering hazardous products will be required to hold risk insurance as of March 11,unless they are listed on the register of the tax office NAV as having no back taxes or arrears on other public payment obligations, NAV said yesterday, according to news agency MTI.

The requirement is part of EKAER, a new electronic control system for road haulage companies. The system was launched after a two-month test period at the beginning of March. The risk insurance amounts to 15% of the value, including VAT, of the hazardous products, which were delivered in the preceding 45 days. The system is part of a crackdown on VAT fraud by road haulage companies.

ADVERTISEMENT

Slowing Expansion Moderates Growth Forecasts Analysis

Slowing Expansion Moderates Growth Forecasts

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.