64 result(s) for tax authority in Business
Hungary Joins OECD Corporate Anti -Tax Evasion Initiative
- 23 Dec 2016 8:00 AM
- business
Hungary has decided to join the OECD’s Base Erosion and Profit Shifting (BEPS) framework that aims to limit tax evasion and aggressive tax optimisation by big multinational corporations, the economy ministry announced on Thursday.
Bill To Provide ‘Last Chance’ To Declare Foreign Bank Accounts
- 13 Dec 2016 9:00 AM
- business
The government submitted to parliament a package of amendment proposals under which owners of bank accounts in other countries would be granted a “last chance” to declare deposits outside Hungary.
Lawmakers Approve Govt Tax Package
- 23 Nov 2016 8:00 AM
- business
Parliament approved on Tuesday the government’s so-called autumn tax package targeting reducing the public burden, boosting competitiveness and streamlining the tax bureaucracy. The revenue limit applied to itemised tax for small business taxpayers will be raised, the exemption threshold for VAT will be similarly raised, while rules for health-care contributions will be simplified.
Authority To Crack Down On Tax-Evading Uber Drivers
- 28 Sep 2016 9:00 AM
- business
Hungary’s tax authority NAV will identify drivers who have failed to pay their taxes on earlier revenues from ride-hailing service Uber, which no longer operates in Hungary, daily Magyar Idők reported. Citing information from the economy ministry, the paper said that NAV had received the names and income data of Hungarian drivers who had worked as part of Uber, and will start checking those ...
Hungary’s VAT Gap Down By More Than 4 Percent In One Year
- 13 Sep 2016 9:00 AM
- business
As the latest tax gap report by the European Commission points out, Hungary’s measures against tax fraud and avoidance have been successful: the VAT gap fell by more than 4 percentage points in one year.
Varga: No Hurry To Adopt Euro
- 5 Aug 2016 9:00 AM
- business
Mihály Varga, the economy minister, said Hungary is in no hurry to adopt the euro and will not join the ERM-II system next year. In an interview to Figyelő he said adopting the euro in 2020 would be hasty from the economy’s point of view, adding that competitiveness must be improved first.
More Than 140 Million Euros Deposited On Accounts Conferring Tax Amnesty
- 21 Jul 2016 9:00 AM
- business
Hungarians deposited 44.1 billion forints (EUR 140m) in newly opened Stability Savings Accounts in the first half of the year, the daily Magyar Nemzet said on Wednesday, citing data from the National Tax and Customs Authority. (NAV). The money was deposited on 550 accounts, the paper said.
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.
Tax On Online Ads May Come Next Year
- 5 May 2016 9:00 AM
- business
The 2017 tax bill submitted to Parliament yesterday contains the so-called Google tax, as the bill requires advertising platform operators to register and report advertisements in order to pay tax on them. Online advertisers must also report to the tax authority.
Hungary Joins OECD Corporate Anti -Tax Evasion Initiative
- 23 Dec 2016 8:00 AM
- business
Hungary has decided to join the OECD’s Base Erosion and Profit Shifting (BEPS) framework that aims to limit tax evasion and aggressive tax optimisation by big multinational corporations, the economy ministry announced on Thursday.
Bill To Provide ‘Last Chance’ To Declare Foreign Bank Accounts
- 13 Dec 2016 9:00 AM
- business
The government submitted to parliament a package of amendment proposals under which owners of bank accounts in other countries would be granted a “last chance” to declare deposits outside Hungary.
Lawmakers Approve Govt Tax Package
- 23 Nov 2016 8:00 AM
- business
Parliament approved on Tuesday the government’s so-called autumn tax package targeting reducing the public burden, boosting competitiveness and streamlining the tax bureaucracy. The revenue limit applied to itemised tax for small business taxpayers will be raised, the exemption threshold for VAT will be similarly raised, while rules for health-care contributions will be simplified.
Authority To Crack Down On Tax-Evading Uber Drivers
- 28 Sep 2016 9:00 AM
- business
Hungary’s tax authority NAV will identify drivers who have failed to pay their taxes on earlier revenues from ride-hailing service Uber, which no longer operates in Hungary, daily Magyar Idők reported. Citing information from the economy ministry, the paper said that NAV had received the names and income data of Hungarian drivers who had worked as part of Uber, and will start checking those ...
Hungary’s VAT Gap Down By More Than 4 Percent In One Year
- 13 Sep 2016 9:00 AM
- business
As the latest tax gap report by the European Commission points out, Hungary’s measures against tax fraud and avoidance have been successful: the VAT gap fell by more than 4 percentage points in one year.
Varga: No Hurry To Adopt Euro
- 5 Aug 2016 9:00 AM
- business
Mihály Varga, the economy minister, said Hungary is in no hurry to adopt the euro and will not join the ERM-II system next year. In an interview to Figyelő he said adopting the euro in 2020 would be hasty from the economy’s point of view, adding that competitiveness must be improved first.
More Than 140 Million Euros Deposited On Accounts Conferring Tax Amnesty
- 21 Jul 2016 9:00 AM
- business
Hungarians deposited 44.1 billion forints (EUR 140m) in newly opened Stability Savings Accounts in the first half of the year, the daily Magyar Nemzet said on Wednesday, citing data from the National Tax and Customs Authority. (NAV). The money was deposited on 550 accounts, the paper said.
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.
Tax On Online Ads May Come Next Year
- 5 May 2016 9:00 AM
- business
The 2017 tax bill submitted to Parliament yesterday contains the so-called Google tax, as the bill requires advertising platform operators to register and report advertisements in order to pay tax on them. Online advertisers must also report to the tax authority.