Tax auditors to continue careful observation

Banking

The auditors of Hungary's Tax and Customs Authority (NAV) will continue to pay special attention to internet commerce, sole proprietors and electronic tills, deputy chief Árpád Varga told journalists at a press conference today.

The tax office’s approximately 4,000 auditors completed almost 4 million audits last year. During their investigations they found more than HUF 582 bln in unpaid taxes, of which 90% were missed VAT payments. Personal income tax made up just 4% of the back taxes and corporate tax a little less than that, at 2%.

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.

Support the BBJ

Finance