Association opposes ministry’s planned tax watchdog

Competition

pixabay

Hungaryʼs National Association of Tax Consultants and Accountants yesterday expressed its opposition to the National Economy Ministryʼs plans to introduce a new oversight authority for accountants, tax consultants and auditors, according to Hungarian news agency MTI.

Association head László Zara said that setting up such a watchdog would only increase bureaucracy, according to MTI.

Hungary’s National Economy Ministry confirmed reports yesterday that it is planning to establish a new oversight authority for accountants, tax consultants and auditors as of July. The ministry said that regulations governing the authority would be set with the involvement of representatives of the affected financial institutions, MTI reported.

This comes a little more than a week after Cabinet Chief János Lázár proposed cutting staff at state administration bodies by as much as 15%, with the aim of reducing bureaucracy to improve competitiveness.

ADVERTISEMENT

EU-funded fact-checking website in Hungary launches Analysis

EU-funded fact-checking website in Hungary launches

General elections to be held on April 3 Elections

General elections to be held on April 3

Microsoft Hungary head Chris Mattheisen discusses the Vatica... Podcasts

Microsoft Hungary head Chris Mattheisen discusses the Vatica...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

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.