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New Electronic System has been İntroduced to Facilitate the Submission of the Financial Reporting in Hungary

New Electronic System has been İntroduced to Facilitate the Submission of the Financial Reporting in Hungary

Hungary
Typography

Based on the experience of the past years, as of 1 December 2016 the Company Registry Service of the Hungarian Ministry of Justice introduced a new electronic system to facilitate the submission of the financial reporting.

By using the new electronic system more than 400,000 enterprises can publish easier and faster their financial reports. The main advantage of the new system is that the reports will be checked during the uploading process, resulting in that the fine that may be imposed by the tax authority for making minor typo mistakes (e.g. mistyping the tax number or the registration number of the company) will be easier to avoid. The system is accessible on the Internet and there is no need to upgrade a form or to use special programs. However, it is important for the accountants to have stable internet connection in order to avoid data loss. 

The new system is accessible via the following link: https://e-beszamolo.im.gov.hu/ebekuldes 

By Gabriella Galik, Partner, KCG Partners Law Firm

Hungary Knowledge Partner

Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

All News about, and Legal Analysis by, Wolf Theiss can be found here.

Firm's website: http://www.wolftheiss.com/

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