Domestic companies can reduce their burden with digital taxation

By: Trademagazin editor Date: 2021. 01. 08. 11:10

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The introduction of digital taxation is considered a priority for next year by the leaders of Hungarian companies – it was revealed at EY’s online tax conference with the participation of nearly five hundred medium and large companies. Improvements can drastically reduce the burden of tax administration.

The leaders surveyed in the 2021 EY survey would pay the most attention to digitizing their tax processes and reducing their costs. These priorities are understandable, as domestic companies spend a large amount, about 1.7 percent of their annual sales revenue, a total of 420 billion HUF on tax administration.