NAV: U.S. companies get equal treatment
Hungarian National Tax and Customs Authority (NAV) yesterday published a report in which it stated that it treats U.S.-owned companies in Hungary similarly to all other companies according to the taxes they pay and the operational risks involved.
The investigation of the authority began after media reports suggested that the entity had engaged in discriminatory auditing that resulted in a HUF 1 trillion shortfall of revenue from VAT. The NAV report termed this as an issue “not supported by concrete evidence”.
Tax chief Ildikó Vida earlier confirmed that she was among those at the authority who were informed by the U.S. embassy that they had been blacklisted on the basis of a presidential order banning entry to the United States to persons involved in or profiting from corruption.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.