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