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 ensuring the confidentiality of customer information.
The role of QR codes and encryption in the upcoming e-Cash registers in Hungary
Public
Hungary
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
37
Content accuracy validation date:
24.04.2024
Content accuracy validation time:
08:05h
Content
Additionally, the document specifies that QR codes are used to receive various types of data including the method of payment and discount codes, which facilitates a more efficient transaction process and improves customer service. The regulation mandates that QR codes facilitate the reception of customer invoice requests, which must include the customer’s email address for electronic invoicing. Encryption keys, obtained via QR codes or other means, are essential for securing communications between e-cash registers and the tax authority’s IT system, protecting sensitive data from unauthorized access.
To support these sophisticated functions, e-cash registers must adhere to stringent technical requirements ensuring their capability to manage encrypted data effectively. This ensures that every transaction is not only streamlined but also meets the rigorous data protection standards mandated by Hungarian regulations. The implementation of QR codes and strong encryption measures in e-cash registers represents a significant advancement in the digitalization of financial transactions, aligning with broader national goals to enhance digital security and efficiency. The document further highlights that QR codes must be scanned to validate the integrity of recorded data, ensuring compliance and accuracy in financial reporting.
Other news from Hungary
New document was uploaded: Digital Product Passport
Author: Kristina Dosen
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
What can we expect from the Hungarian Tax Authorities’ system in the e-cash register project?
Public
Hungary
Author: Kristina Dosen
Hungary
Author: Kristina Dosen
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
New document was uploaded: Recorded webinar: The introduction of the e-receipts and new e-cash registers in Hungary
Hungary
Author: Kristina Dosen
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
New document was uploaded: The translated Draft Decree of the Minister of Finance on the distribution and operation of e-cash registers and the requirements concerning e-cash registers and th
Hungary
Author: Kristina Dosen
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
New document was uploaded: Draft Decree of the Minister of Finance on the distribution and operation of e-cash registers and the requirements concerning e-cash registers and the issue of e-re
Hungary
Author: Kristina Dosen
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
Marked returnable bottles hit the shelves in Hungary. What do you need to know?
Hungary
Author: Kristina Dosen
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