Fiscal subject related
Firstly, the customer will need to download a designated application on their smartphone. This application serves as a receiver for e-receipts. When making a purchase, the customer will present a QR code generated by the app at the e-cash register (ePG). The e-cash register scans the QR code and generates an electronic receipt, which is not printed but instead uploaded to the Receipt Store at the National Tax and Customs Administration (NAV). The customer can then download their e-receipt from this receipt store at their convenience (using his application). This system simplifies the process, ensures data security without requiring special registration from the customer, and provides easier access to previous receipts for customers in Hungary.
Other news from Hungary
EU to protect domestic e-commerce sellers with a cross-border tax reform
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
EU VAT Validation Tool
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's deposit return scheme now entering a new phase
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
There are new e-cash registers in Hungary for the restaurant sector.
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
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
Understanding Hungary's anti-shrinkflation decree for grocery retailers
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