VAT revenue climbs due to crackdown on tax evaders
Due to the mandatory installment of electronic tills directly linked to the Hungarian tax office, and the Hungarian government’s squeeze on the country's shadow economy, VAT revenue from commerce in Hungary rose by HUF 227 bln last year, National Economy Ministry state secretary András Tállai told Hungarian economic daily Napi Gazdaság today.
VAT paid by companies in those segments of the retail sector most suspected of tax fraud was up by almost 22%, or HUF 66 bln, last year, he said.
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