Tax office will have to serve prompt payers swiftly under new plan

Banking

Hungary’s National Economy Ministry is planning to introduce a six-month deadline for tax office audits of companies that promptly fulfilled their tax payment obligations in recent years, economy minister Mihály Varga told Hungarian daily Magyar Idők this morning.

According to the minister, placing the responsibility on tax officials for failing to complete procedures by the deadlines, or making them responsible for possible crucial errors can improve the efficiency of National Tax and Customs Authority (NAV).

As of 2017, NAV will prepare personal income tax returns of all Hungarian citizens, the minister added.

Earlier it was reported that NAV will be placed under the state secretariat of the National Economy Ministry.

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