As online shopping continues to grow, the European Union is planning to implement new regulations to protect local e-commerce sellers. One significant change affects consumers who shop on international platforms like Temu or AliExpress. The EU has already taken some steps at the first sign of growing foreign e-commerce sellers, and since July 1, 2021, all goods entering the EU, regardless of their... Read more

One way to validate VAT numbers in the EU is the VAT Information Exchange System (VIES), which is a crucial tool for businesses operating within the European Union. Owned by the European Commission, VIES is a search engine that retrieves data from national VAT databases to verify VAT numbers. Here’s a detailed look at how VIES works and its significance. How VIES Works When a search is made usi... Read more

Hungary started its environmental transformation with the launch of its deposit return system (shortened as DRS) starting this year. From this month, July 2024, Hungary entered the next phase of its DRS, with the end of its six-month transition period, during which time drink producers could place on the market beverage packaging both with and without deposit markings Read more

Hungary is set to implement e-cash register solutions tailored for various sectors. In catering establishments, these e-cash registers are exclusively for registering payments for services and handling orders from receipt to payment, with a mandatory consumption summary receipt issued. Read more

In Hungary, downloading an e-receipt that will be used based on the new requirements (that will allow the usage of e-receipts as a receipt format) involves a straightforward process leveraging modern solutions. The IT background of the e-receipt has been developed in such a way that the customer will not need any special registration to use it. All he would need is a smartphone and the app downlo... Read more

This document contains an overview of the presence of fiscalization and its types in all European countries. Read more

Hungarian authorities have created an Amendment Act (Decree 1/2024) on measures needed to reduce food inflation and a new legislative framework. This legal update primarily addresses the growing issue of product shrinkflation, where the quantity of products is reduced while prices remain stable or increase, effectively lowering the value consumers get for their money. The regulation targets trader... Read more

In Hungary, the updated decree on e-cash registers emphasizes the importance of QR codes and encryption to enhance transaction security. E-cash registers are designed to scan QR codes for multiple purposes, such as receiving encryption keys from customers' devices or capturing essential customer data for invoicing. This capability is critical for maintaining the integrity of transactions and ensur... Read more

Do you even know what DPP is? Digital Product Passports (DPP) are set to play a crucial role in the European Union’s commitment to a circular economy. The purpose of this document is to provide you with a necessary overview of the upcoming Digital Product Passport requirements set to be implemented by the European Union. Read more

As Hungary introduces new e-cash registers, the Tax Authority (TA) unveils an advanced, user-friendly service for managing receipts that will come with it, the e-receipts. The system is designed to accept e-receipts submitted to the TA within a 0–24 hour window, ensuring a non-stop, seamless service for both businesses and consumers. In this digital leap, the e-cash registers will send only valida... Read more

On April 9, 2024, Fiscal Solutions organised a free webinar on the topic of "It’s time to grow together." The webinar was held by Fiscal Solutions Legal Consultant Tara Nedeljkovic and Technical Consultant Istvan Bozoki. Read more

This document is a translation of the Draft Decree issued by the Hungarian Minister of Finance on the distribution and operation of electronic cash registers (e-cash registers) the requirements for e-cash registers and the issuance of electronic receipts (e-receipts). Read more

This document is a comprehensive draft decree issued by the Minister of Finance on the distribution and operation of electronic cash registers (e-cash registers) the requirements for e-cash registers, and the issuance of electronic receipts (e-receipts). Read more

The first bottles with special returnable marks appeared on store shelves in Hungary recently. These products have already been anticipated by environmentally conscious customers. For these goods, traders are obliged to charge a redemption fee of HUF 50. The fee (and a way to recognize such products) is clearly indicated on the price label of the product, both on the bottle and in the description below, so a customer can see which product is returnable. Read more

A plan to reform the current cash register system has been on the agenda for years, and concrete legislation has already been formulated in the recently adopted tax package. Using the new e-cash register system (ePG system), it will also be possible to provide receipts in electronic form, which consumers can access via an application. The ePG system could bring about a significant breakthrough in... Read more

In this discussion, we have introduced our new partner program and what is essential for international growth, while dealing with topics such as - Success factors for POS applications - What does globalization mean? - How to grow globally? Furthermore, we presented benefits for our partners. Last but not least, we presented our fiscal cloud architecture and its important features.You can down... Read more