Hungarian tax authority to go paperless by 2021

Hungary’s National Tax and Customs Authority (NAV) will become a paperless institution by 2021, Finance Minister Mihály Varga said at the office’s board meeting on Friday.

NAV’s electronic services are becoming more and more widespread, indicating that taxpayers are onboard with making the office completely paperless within a few years, the finance ministry quoted Varga as saying at the meeting where

he introduced László Sors, the new head of the authority.

The move to have NAV prepare all corporate tax returns by 2021 will halve the administrative burdens on businesses, the minister said, adding that the authority would offer a growing number of services over the coming years.

Varga noted that since last year,

NAV prepares personal income tax returns. Starting this year, the authority also prepares corporate excise tax filings.

The tax authority can have a key role in boosting the competitiveness of businesses, Varga said.

The minister also said that over the next few weeks, NAV will be ready to assist companies in adapting to its new online invoicing system and with registering vending machines for mandatory electronic reporting.

As we wrote before, another major international environmental award has been received by Budapest Airport: ACI (Airports Council International) confirmed that Budapest Liszt Ferenc International Airport achieved the so-called “carbon-neutral” accreditation, the airport’s statement said. Read more HERE.

Source: MTI