Hungary Winning VAT Evasion Fight

  • 11 Sep 2020 10:04 AM
  • Hungary Around the Clock
Hungary Winning VAT Evasion Fight
VAT evasion in Hungary was cut from 21% in 2013 to 6.6% in 2019, the European Commission announced on Thursday.

Counter measures against VAT evasion have been successful, Finance Minister Mihály Varga said, adding that before online reporting started, Hungary was among the countries with the highest evasion rate.

The government launched its countermeasures in 2014, with the introduction of online cash registers that are connected to the tax authority.

In 2015, the electronic freight transport system Ekáer was launched.

In 2018, online invoicing was established. That year the evasion rate dropped by 5.1 percentage points.

The government aims to reduce this - already historically low – rate even further, Varga said.

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