NAV Collected HUF 20.602 tln in Taxes Last Year

Figures

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The National Tax and Customs Administration (NAV) collected HUF 20.602 trillion in taxes last year, according to NAV's 2022 Yearbook, which has just been published.

The collected amount is about 17.2% more than the taxes collected the previous year, and HUF 2.5 billion more than budgeted for, the yearbook notes.

The significant surplus is partly due to the higher-than-expected performance of employment-related taxes, such as wage growth exceeding forecasts and favorable labor market trends, the higher-than-expected inflation and internal consumption trajectory, in which the VAT appropriation was exceeded by HUF 1.373 tln, and the 2022 tax measures.

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