ADVERTISEMENT

Possession of illegal cigarettes an offense, warns NAV

Food

Hungaryʼs National Tax and Customs Administration (NAV) warned that possession of untaxed cigarettes or other tobacco products is a punishable offense in a statement issued on Wednesday, as reported by online news portal index.hu.

NAV noted that persons found to be in possession of illegal tobacco products can expect to pay a fine of at least HUF 30,000 in addition to having the illegal products seized.

NAV issued the statement after seizing some 3,200 cartons of illegal cigarettes and 12 kg of tobacco in a raid on a telephone shop in central Budapest.

NAV emphasized that tobacco products may only be sold legally in Hungary in a licensed National Tobacco Shop (Nemzeti Dohánybolt). Those selling untaxed tobacco without a license may be liable to fines of at least HUF 5 million.

NAV seized more than 21 million illegal cigarettes with a value of more than HUF 1 billion in January-July.

ADVERTISEMENT

Pressure increasing on CFOs - PwC survey Analysis

Pressure increasing on CFOs - PwC survey

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.