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Hungary: Ft 212 bln fines collected by APEH in 2007

Hungarian tax authority Apeh collected Ft 8,363.7 billion (about $48.26 billion) taxes in 2007, i.e. 82.4% of tax type state revenues, president of Apeh, János Szikora, has announced at the authority’s press conference.

The number of economic partnerships increased significantly last year, i.e. 38,163 new businesses, replaced the 18,104, terminating their activities Szikora said, adding that, the number of private individuals holding a tax number grew as well. Opposed to the 5,172 private individuals giving up their tax numbers, 18,187 taxpayers of the same category were registered last year, a number of them presumably having worked in gray or black economy. As opposed to the Ft 302 billion in 2006, Apeh saw Ft 357 billion tax differential last year, while the amount of imposed fines leaped from Ft 179 billion in 2006 to Ft 212 billion (about $1.22 billion) last year. (Gazdasági Rádió)