Economy
Hungary to put off implementation deadline of new online cash registers
The schedule for the introduction of the new type of cash registers will be determined in view of reality and in full consideration of the technical requirements. It cannot be excluded that - partly over the arguments received - the 1 April 2013 deadline will be amended during the finalisation of the relevant legislation, Matolcsy said in his response to a Socialist MP on the website of Parliament.
The delay could cost the budget a pretty penny, as the cabinet targeted to collect HUF 95 bn this year from the measure, i.e. via the whitening impact (and higher VAT revenues) the new cash registers linked online with the tax authority should bring about.
A number of professional organisations have already pointed out that the deadline is impossible to meet, but up until now the cabinet has not yet reacted to such complaints, as it probably considered the deadline achievable.
In view of international examples the introduction of the new cash registers could be carried out in several stages and only gradually since the technical implementation and the fulfilment of the related conditions could take several months.
Matolcsy confirmed that the state will assist businesses in their switchover to online cash registers so that they would not be burdened excessively. A “significant part" of the estimated HUF 17 bn cost of implementation will be covered by state subsidies. Preparing tax authority NAV’s system to manage online cash registers (about 400,000 of them) will cost additional HUF 4.5 bn.
The delay could cost the budget a pretty penny, as the cabinet targeted to collect HUF 95 bn this year from the measure, i.e. via the whitening impact (and higher VAT revenues) the new cash registers linked online with the tax authority should bring about.
A number of professional organisations have already pointed out that the deadline is impossible to meet, but up until now the cabinet has not yet reacted to such complaints, as it probably considered the deadline achievable.
In view of international examples the introduction of the new cash registers could be carried out in several stages and only gradually since the technical implementation and the fulfilment of the related conditions could take several months.
Matolcsy confirmed that the state will assist businesses in their switchover to online cash registers so that they would not be burdened excessively. A “significant part" of the estimated HUF 17 bn cost of implementation will be covered by state subsidies. Preparing tax authority NAV’s system to manage online cash registers (about 400,000 of them) will cost additional HUF 4.5 bn.
