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Electronic billing to start next year

Hungary's tax authority APEH will accept electronically submitted invoices from January 1, 2006, the office announced. Efficient Customer Response (ECR) Hungary president Stephan Skopp said on Thursday that companies could cut the cost of invoicing by as much as two thirds while storage of electronic invoices would become much simpler as a result. Companies must keep their invoices for seven years for auditing purposes.