Finance Minister: Tax Authority To Go Paperless By 2021

  • 18 Jun 2018 7:37 AM
  • Hungary Matters
Finance Minister: 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.

NAV’s electronic services are becoming more and more widespread, indicating that taxpayers are on board 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, he 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.

Related links

NAV To Launch Online Invoicing System On July 1

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