Fiscal subject related
Content
The ePG system could bring about a significant breakthrough in the field of receipts and recording transactions overall, as currently only a very limited number of electronic receipts can be issued and, as such, are issued in addition to the printed version. The main reason for this is that most of the commercial sector is obliged to use an online cash register, which can only issue paper-based receipts, and that the rules stated in the oPG regulation defined that paper receipts were the norm. However, things may change in the upcoming years.
There is also a growing need for electronic receipts to be available in the field of receipts, following the trend of electronic invoices replacing paper invoices. The ePG system can be a solution to these needs.
In the currently published tax package for the ePG system, only general, mainly procedural rules have been adopted, and the detailed rules will be settled by the legislator in a government decree and other regulations that are expected.
The above-mentioned procedural rules will undoubtedly formally come into effect on July 1st, 2024, based on the tax package. However, the new e-receipts rules adopted into the VAT Act, which are connected to the ePG system, will only come into effect on January 1st, 2025. The dates could still be extended, though, if the necessary regulations are not published in time.
Preliminary data indicates that the awaited government decree with the specific regulations and further details on implementation is anticipated to be released by the end of Q1 2024.
Other news from Hungary
Hungary's deposit return scheme now entering a new phase
![Hungary](https://www.fiscal-requirements.com/storage/images/flags/YOhsGZPgm7JppK4ydEaI9g1Bb70JeIlm6pKQULqU.png)
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
![News](https://www.fiscal-requirements.com/storage/images/news/news-placeholder.png)
There are new e-cash registers in Hungary for the restaurant sector.
![Hungary](https://www.fiscal-requirements.com/storage/images/flags/YOhsGZPgm7JppK4ydEaI9g1Bb70JeIlm6pKQULqU.png)
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
![News](https://www.fiscal-requirements.com/storage/images/news/news-placeholder.png)
New document was uploaded: Overview of fiscalization in European countries
This document contains an overview of the presence of fiscalization and its types in all European countries. Read more
![News](https://www.fiscal-requirements.com/storage/images/news/news-placeholder.png)
What is the process for customers to get e-receipts in Hungary going to look like?
![Hungary](https://www.fiscal-requirements.com/storage/images/flags/YOhsGZPgm7JppK4ydEaI9g1Bb70JeIlm6pKQULqU.png)
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
![News](https://www.fiscal-requirements.com/storage/images/news/news-placeholder.png)
Understanding Hungary's anti-shrinkflation decree for grocery retailers
![Hungary](https://www.fiscal-requirements.com/storage/images/flags/YOhsGZPgm7JppK4ydEaI9g1Bb70JeIlm6pKQULqU.png)
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
![News](https://www.fiscal-requirements.com/storage/images/news/news-placeholder.png)
New document was uploaded: Digital Product Passport
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
![News](https://www.fiscal-requirements.com/storage/images/news/news-placeholder.png)
The role of QR codes and encryption in the upcoming e-Cash registers in Hungary
![Hungary](https://www.fiscal-requirements.com/storage/images/flags/YOhsGZPgm7JppK4ydEaI9g1Bb70JeIlm6pKQULqU.png)
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
![News](https://www.fiscal-requirements.com/storage/images/news/news-placeholder.png)