Magazine: NAV’s online eyes can watch 50,000 billion forints worth of transactions

The test period for online invoicing has already started: with the invoicing software of companies being connected online to the system of the National Tax and Customs Administration (NAV), the tax authorities will be able to monitor HUF 50,000 billion worth of transactions. Thanks to this, risk analysts will be able to filter out suspicious transactions. András Tállai, secretary of state at the Ministry for National Economy told to the Hungarian news agency (MTI): the new system will reduce the administrative burden on businesses and will contribute to the whitening of the economy. The new system will be officially operational from next summer. NAV helps market players prepare for online invoicing. //