Who opens a webshop in rush might risks a million HUF fines

By: Trademagazin editor Date: 2020. 11. 09. 11:19

As a result of the pandemic situation, internet retailing also exploded in Hungary. Many companies have opened webshops and more and more people are placing more emphasis on online sales. However, forced development can easily lead to errors with millions of forints in fines. Online stores must comply with a number of tax administration, legal, data protection and information security rules.

Due to the effects of COVID-19, more and more people are shopping online. Many companies have embarked on rapid development, launched a webshop, or switched to more focused digital advertising campaigns to survive the crisis. In the first half of 2020, the turnover of internet commerce increased by almost 35 percent and the number of orders in Hungary by more than 21 percent compared to the previous year.