Tax authority uncovers VAT fraud of HUF 65 bln in 2012
Hungary's National Tax and Customs Authority (NAV) uncovered VAT fraud adding up to HUF 65 billion in 2,700 audits last year, daily Magyar Nemzet said on Friday. NAV discovered 127 companies that existed solely for the purpose of generating phony invoices, the paper said. In 2011, NAV uncovered VAT fraud of HUF 54.3 billion in the 2,208 audits.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.