106 result(s) for tax fraud in Articles
Hungarian Authorities Seize Illegal Jewelry Shipment
- 28 Jul 2016 9:00 AM
- current affairs
Hungary’s National Tax and Customs Administration (NAV) seized a 100-kilogram package of jewelry at Budapest’s Liszt Ferenc International Airport with a total value of HUF 130 million, Hungarian online daily index.hu reported today.
Massive Motor Oil Fraud Uncovered
- 6 Jul 2016 9:00 AM
- current affairs
An “invoice factory” in Debrecen has led detectives of the National Tax and Customs Office to an industrial-scale motor oil adulteration operation, suspected of defrauding the government of nearly Ft 1.5 billion worth of VAT. Six suspects have been questioned, of whom five are in custody.
Authorities Probe 900 Companies With Ties To Hungary Revealed In Panama Papers
- 28 Jun 2016 9:00 AM
- business
Hungary’s National Investigation Office has scrutinised almost 900 offshore companies with ties to Hungary revealed in the leaked Panama Papers, daily Magyar Idők said. The office is working with national tax authority NAV as well as with the public procurement authority and the secret services on the matter, the national police headquarters told the paper.
Alstom Paid Former PM’s Company Almost Euro 600,000 In Consulting Fees
- 27 Apr 2016 9:00 AM
- current affairs
French engineering company Alstom transferred more than 597,000 euros to a company owned by the family of Hungary’s former prime minister, Péter Medgyessy, in 2007 and 2008, daily Magyar Idők said. The paper said Alstom transferred 259,000 euros in consulting fees on the basis of a contract with AssistConsult, indirectly owned by Medgyessy and his wife, on March 30, 2007, and another 338,000 ...
Együtt Reports Suspected Fraud To Police Linked To PM’s Informal Advisor
- 8 Apr 2016 9:18 AM
- current affairs
The opposition Együtt party has filed a report to police over suspected fraud linked to Árpád Habony, the prime minister’s informal advisor. The party’s leader, Viktor Szigetvári, said Habony’s lawful income is insufficient for paying back loans and his wealth stems from murky sources, while he maintains links with people handling taxpayer money.
Prosecutor Presses Charges Against Former Socialist Official
- 7 Mar 2016 8:00 AM
- current affairs
The Central Investigating Chief Prosecutor’s Office said it pressed charges of excessive fraud and document abuse against Gábor Simon, a former deputy leader of the opposition Socialist Party. Simon’s case goes back to February 2014 when it came to light during the run-up to the general election that Simon had undeclared assets worth about 240 million forints (EUR 780,000) held on an Austrian ...
Former Socialist Deputy Mayor In Huf 3bn Fraud Case
- 17 Feb 2016 8:00 AM
- current affairs
The municipal court of Budapest held the first trial on Tuesday in a case in which György Fürst, former Socialist deputy mayor of the 6th district, and 23 others are charged with large-scale fraud totalling 3 billion forints (EUR 9.6m).
Hungary’s Tax Authority NAV Closing Grain VAT Fraud Inquiry
- 20 Jan 2016 8:00 AM
- business
The tax authority NAV will soon complete its investigation into the estimated Ft 18 billion sunflower and rapeseed VAT fraud, in which foreign companies were involved, Magyar Idõk writes. Reports indicate that a group of criminals shipped nearly 400,000 tons of sunflower seeds and rapeseed between Hungary and Slovakia in 2009-12, mostly on paper only, in a tax avoidance scam. The Slovak state has ...
Mandatory Use Of Online Tills For Hairdressers, Cosmeticians In Hungary
- 3 Jan 2016 8:00 AM
- business
Hairdressers and cosmeticians will be exempt of the mandatory use of tills connected directly to the national tax office, but the industry can expect regular tax inspections as before, daily Magyar Idők said on Wednesday. The government made online tills mandatory for retail shops in 2014 to eliminate VAT fraud as part of its efforts to whiten the economy.
Hungarian Authorities Seize Illegal Jewelry Shipment
- 28 Jul 2016 9:00 AM
- current affairs
Hungary’s National Tax and Customs Administration (NAV) seized a 100-kilogram package of jewelry at Budapest’s Liszt Ferenc International Airport with a total value of HUF 130 million, Hungarian online daily index.hu reported today.
Massive Motor Oil Fraud Uncovered
- 6 Jul 2016 9:00 AM
- current affairs
An “invoice factory” in Debrecen has led detectives of the National Tax and Customs Office to an industrial-scale motor oil adulteration operation, suspected of defrauding the government of nearly Ft 1.5 billion worth of VAT. Six suspects have been questioned, of whom five are in custody.
Authorities Probe 900 Companies With Ties To Hungary Revealed In Panama Papers
- 28 Jun 2016 9:00 AM
- business
Hungary’s National Investigation Office has scrutinised almost 900 offshore companies with ties to Hungary revealed in the leaked Panama Papers, daily Magyar Idők said. The office is working with national tax authority NAV as well as with the public procurement authority and the secret services on the matter, the national police headquarters told the paper.
Alstom Paid Former PM’s Company Almost Euro 600,000 In Consulting Fees
- 27 Apr 2016 9:00 AM
- current affairs
French engineering company Alstom transferred more than 597,000 euros to a company owned by the family of Hungary’s former prime minister, Péter Medgyessy, in 2007 and 2008, daily Magyar Idők said. The paper said Alstom transferred 259,000 euros in consulting fees on the basis of a contract with AssistConsult, indirectly owned by Medgyessy and his wife, on March 30, 2007, and another 338,000 ...
Együtt Reports Suspected Fraud To Police Linked To PM’s Informal Advisor
- 8 Apr 2016 9:18 AM
- current affairs
The opposition Együtt party has filed a report to police over suspected fraud linked to Árpád Habony, the prime minister’s informal advisor. The party’s leader, Viktor Szigetvári, said Habony’s lawful income is insufficient for paying back loans and his wealth stems from murky sources, while he maintains links with people handling taxpayer money.
Prosecutor Presses Charges Against Former Socialist Official
- 7 Mar 2016 8:00 AM
- current affairs
The Central Investigating Chief Prosecutor’s Office said it pressed charges of excessive fraud and document abuse against Gábor Simon, a former deputy leader of the opposition Socialist Party. Simon’s case goes back to February 2014 when it came to light during the run-up to the general election that Simon had undeclared assets worth about 240 million forints (EUR 780,000) held on an Austrian ...
Former Socialist Deputy Mayor In Huf 3bn Fraud Case
- 17 Feb 2016 8:00 AM
- current affairs
The municipal court of Budapest held the first trial on Tuesday in a case in which György Fürst, former Socialist deputy mayor of the 6th district, and 23 others are charged with large-scale fraud totalling 3 billion forints (EUR 9.6m).
Hungary’s Tax Authority NAV Closing Grain VAT Fraud Inquiry
- 20 Jan 2016 8:00 AM
- business
The tax authority NAV will soon complete its investigation into the estimated Ft 18 billion sunflower and rapeseed VAT fraud, in which foreign companies were involved, Magyar Idõk writes. Reports indicate that a group of criminals shipped nearly 400,000 tons of sunflower seeds and rapeseed between Hungary and Slovakia in 2009-12, mostly on paper only, in a tax avoidance scam. The Slovak state has ...
Mandatory Use Of Online Tills For Hairdressers, Cosmeticians In Hungary
- 3 Jan 2016 8:00 AM
- business
Hairdressers and cosmeticians will be exempt of the mandatory use of tills connected directly to the national tax office, but the industry can expect regular tax inspections as before, daily Magyar Idők said on Wednesday. The government made online tills mandatory for retail shops in 2014 to eliminate VAT fraud as part of its efforts to whiten the economy.