- Hungary is now 4th in EU VAT compliance ranking
- Finance Minister Mihály Varga announced the ranking improvement on Facebook
- Hungary’s VAT compliance gap decreased to 2.3 percent from 22.3 percent in 2010
- This reduction is one of the largest in Europe
- The current VAT gap in Hungary is well below the EU average of 8.3 percent
- Government actions have significantly reduced tax avoidance and lowered taxes over the past 14 years
Source: dailynewshungary.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
