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VAT revenue climbs more than HUF 400bln in 2018

Revenue from VAT rose HUF 403 billion last year, an increase supported by the introduction of mandatory electronic invoicing mid-year, Finance Minister Mihály Varga told MTI.

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The Finance Ministry will release preliminary data on the general government balance at the end of December on Wednesday. Detailed data, including full-year VAT revenue, will be published by the ministry on January 22.

In 2017, VAT revenue came to HUF 3,525.3 bln, the ministry said earlier.