Attila Polcz
Customs Brigadier General and Special Director General, National Tax and Customs Administration
The introduction and utilisation of the instant payment system at the Hungarian National Tax and Customs Administration The Hungarian National Tax and Customs Administration (NAV) is one of the most important public administration players using the IPS. Owing to its capacity as a service provider, the tax authority was interested in establishing a system that benefits taxpayers and improves customer experience. The essence of the IPS is that in the case of individual transactions below HUF 10 million, the transferred amount must be booked on the target account within five seconds so that the beneficiary can use it. A main feature and major advantage of the system is continuous operation on a 24/7/365 basis.
THE IPS AS A NEW OPPORTUNITY Although in the given legal environment the introduction of the IPS was only obligatory to payment service providers, the Hungarian State Treasury (MÁK) decided in May 2018 to join the IPS on the beneficiary side, to accept the transfers initiated by the payment service providers to the payment accounts it manages, without initiating credit transfers through the IPS. This decision indirectly affected the NAV, too, because its account-servicing payment service provider is the MÁK.
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