Hungary’s VAT gap drops to 6.1%
MTI – Econews
Saturday, December 4, 2021, 11:30 a.m.
Photo by Duncan Andison / Shutterstock.com
Hungary’s VAT gap – the difference between expected and actual VAT revenue collected – fell to 6.1% last year from 22.3% in 2010, Finance Minister Mihály Varga said on Friday. in an article on Facebook.
“This means that tax morale has improved thanks to tax cuts and the crackdown on tax evasion, while the number of corporate tax evasion has declined dramatically,” Varga said.
“The biggest winners are companies that do honest business,” he added.
The latest VAT Difference Report prepared for the European Commission shows forecasted VAT differentials for 2020 of 15.6% in Czechia, 10% in Poland and 17.1% in Slovakia.
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