NAV busts tire import tax dodgers
The National Tax and Customs Administration (NAV) has apprehended a criminal gang involved in the tire trade, writes hrportal.hu.
NAV said that a fictitious network of foreign and Hungarian companies set up by the family from Komárom-Esztergom County imported tires from China that passed through Slovak, Czech, and Hungarian companies to avoid paying taxes.
The network meant the sellers could give the impression that the tires from Chinese imports had been purchased in Hungary, thus avoiding VAT payment.
In addition to causing more than HUF 400 million in damage to the budget, the family gang also gained a competitive advantage over legally operating traders, NAV added.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
