VATupdate

New mobile app developed by the National Tax and Customs Administration could put an end to the era of paper invoices

Source Ministery of FInance

Beginning on 1 July, the National Tax and Customs Administration (NTCA) will see the invoice data of all transactions realised between over one million enterprises.

“The NTCA will be helping enterprises with a novelty that is unique in Europe: An invoice can be issued free of charge and with just a few clicks on a smart phone using the NTCA Online Invoicing program’s mobile application. A problem-free transition will be assured by a sanction-free grace period between 1 July and 30 September”, the Ministry of Finance’s State Secretary for Tax Affairs Norbert Izer informed Hungarian news agency MTI.

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