Hungarians Owe HUF 2,200bn In Back Taxes

  • 25 Jul 2014 9:00 AM
Hungarians Owe HUF 2,200bn In Back Taxes
Back taxes owed by private individuals and companies in Hungary stood at 2,200 billion forints at the end of June, press reports citing figures from the National Tax and Customs Authority (NAV) said.

The data show 1.2 million private individuals and about 500,000 companies had tax arrears. About 80% of the back taxes were owed by companies no longer in operation.

The number of individuals and private entrepreneurs steadily in arrears - owing taxes continuously for more than 180 days - rose just 3% to 4,144 in the six months from the end of 2013 and the minimum tax owed by them rose 3.1% to 41.4 billion forints by the end of June, figures published on NAV’s website on Thursday show.

The number of businesses steadily in arrears jumped by a sharp 62% in the past half-year to 2,638 and they owed at least 263.8 billion forints in back taxes at the end of June, more than 50% more than at the end of 2013.

Source www.hungarymatters.hu

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