Bunge says it is not under VAT fraud investigation
The Hungarian unit of U.S. company Bunge, said in a statement on Friday that it has met in full its obligations under Hungarian tax requirements and is not the subject of any VAT fraud investigation, MTI reported.
Bunge issued the statement after Economy Ministry State Secretary András Tállai said Thursday that Bunge, which reported misdeeds concerning cooking oil trade to the tax authority (NAV) in September 2011, could be affected in trade transactions involving VAT fraud in grain trade. Tállai also noted that the company has had tax problems in other countries as well, referring to a report by Magyar Nemzet. Bunge said it did not wish to comment "on press reports based on allegations".
ADVERTISEMENT
Hungarian 'Money Week' Program Reaches 1.5 mln Students
Parliament Negates Mandatory Membership in MOK
Óbuda U Partners With Samsung SDI on EV Battery Course
Service Restarted on Full Length of Metro Line M3
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.
