Hungary VAT Gap Improvement Among Biggest in EU
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Hungary's VAT compliance gap, a measure of the difference between VAT receipts and tax revenue that would be collected in the case of full compliance, has fallen to 4.4% from 22.3% in 2010, Finance Minister Mihály Varga said in a post on Facebook on Friday, citing the European Commission's latest VAT gap report.
Varga noted that the improvement was the fourth-biggest among European Union member states during the period.
Hungary's VAT compliance gap is well under the 10.8% average for the region and the 7.4% rate for the EU as a whole, he added.
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