HUNGARIAN PRESIDENCY RECEIVES IOTA FLAG

IOTA is glad to inform you that the National Tax and Customs Administration of Hungary took over the Presidency from the Georgia Revenue Service at the 27th General Assembly of IOTA in Tbilisi.

Last year, the General Assembly appointed the National Tax and Customs Administration of Hungary (NTCA) as the next Presidency of IOTA for the period 2023/2024, making Ferenc Vágujhelyi the new President of IOTA for the following one-year term. Hungary is one of the 7 founding members of IOTA and has held IOTA Presidency previously during the 1998/1999 and 2005/2006 terms.

Levan Kakava, the Head of Georgia Revenue Service, and outgoing President of IOTA handed over the IOTA flag to Ferenc Vágujhelyi, Commissioner of NTCA at the end of the Administrative Session. Traditionally, the flag is handed over to the newly appointed Presidency during the General Assembly.