ADVERTISEMENT

Tax office uncovers €400 mln tax evasion for 2012

Tourism

The tax office NAV revealed total tax evasion of HUF 121 billion last year, including large cases of VAT evasion, national daily Magyar Nemzet said on Friday. Investigators have managed to recover around a quarter of the total sum or 28 billion forints by confiscating cash, vehicles, jewelry and real estate from the tax violators. A total of 14,000 criminal procedures were initiated. VAT evasion was suspected in around 1,500 cases representing a total value of over 60 billion forints.

ADVERTISEMENT

OECD projects Hungary GDP growth will slow to 5% in 2022 Analysis

OECD projects Hungary GDP growth will slow to 5% in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.