Economy ministry drafts bill simplifying tax procedure
Image by Shutterstock.com
Hungary’s National Economy Ministry is expected to submit draft legislation to the government on simplifying tax procedures by the end of April, NGM told Hungarian news agency MTI today.
“A turning point has been reached in the Hungarian tax system. We have established a tax authority that actively supports Hungaryʼs economic development”,the ministry said in a statement sent to the news agency.
“The tax authority must support companies, businesses and private individuals as a partner, so they can fulfill their tax payment obligations as simply, quickly and easily as possible. This new model requires new procedural regulations,” the ministry added.
According to MTI, the ministry will involve tax consultants and a variety of organizations in the process of drafting the legislation.
Hungaryʼs National Tax and Customs Authority (NAV) recently came under the aegis of NGM, and is being headed by state secretary András Tállai. The ongoing reorganization is intended to improve efficiency, assist cooperation with businesses and improve competitiveness.
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.