Hungary’s Tax and Financial Control Administration has vowed to embark on an intensified crackdown on tax evasion in 2009 after tax discrepancies doubled in 2008, despite its focus on eliminating tax evasion in Hungary’s retail sector.
APEH has said that it will pay special attention in 2009 to increasing income tax receipts, and intends to investigate anyone paying ‘suspiciously low’ taxes, especially in the retail sector. The sale of computer parts and transfer pricing will also come under intensified scrutiny in 2009.
APEH has vowed to introduce simpler tax and VAT returns to encourage higher rates of tax compliance. The tax office also announced this week its plans to commend taxpayers who are up-to-date with their tax payments by publishing a list of conforming corporations.
APEH has the full support of the government; Hungarian Prime Minister Ferenc Gyurcsany has highlighted the fight against tax evasion as the most important fiscal issue facing Hungary. Last year, as part of its crackdown on income tax evasion, APEH unearthed HUF460bn (EUR1.6bn) in unpaid taxes.
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