Varga: Electronic Tax Returns Could Save HUF 700bn

  • 8 Dec 2017 7:57 AM
Varga: Electronic Tax Returns Could Save HUF 700bn
The full digitalisation of tax declarations could save the country as much as 700 billion forints (EUR 2.2m), or 2% of GDP, the economy minister told a press conference after a meeting of the National Competitiveness Council.

The government wants all tax returns to be carried out electronically by 2021, Mihály Varga said, adding that procedures are being further simplified to this end.

Of the 6.7 million declarations of contributions and income tax received by state offices each year, around 600,000 are prepared by individual taxpayers, he noted.

In order for citizens to be able to handle all business with government matters electronically within three or four years, the databases of various government offices will be merged, he added.

Republished with permission of Hungary Matters, MTI’s daily newsletter.

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