NAV should fill tax returns for small businesses, says chamber
shutterstock
The Hungarian Chamber of Commerce and Industry (MKIK) is proposing that the National Tax and Customs Administration (NAV) prepare small businesses’ tax returns, MKIK President László Parragh said at a meeting of the local business chamber of Nagykanizsa on Monday, according to Hungarian news agency MTI.
The practice could be introduced gradually, over a period of four years, Parragh said. “This wonʼt please many, but it is a classic example of reducing bureaucracy,” he added.
Small businesses would not have to pay for the preparation of their tax returns, he said. Later on the practice could be extended to big businesses, he added.
This year, NAV started preparing the personal income tax returns of all Hungarians whose employers submit tax data for them.
ADVERTISEMENT
Hungary Inflation Rate at 21.5% in May
Parl't Approves Amendments to Legislation on Judiciary
Industrial Production Declines in April
Landmark Budapest Dept Store to Reopen After HUF 8 bln Renov...
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.
