National tax office APEH will be able to find signs of tax evasion - such as fictitious companies and fictitious invoices - easier in the future, thanks to some advanced IT solutions it has just adopted, writes napi.hu. In part... [read complete entry]
The ongoing fiscal calamity in Greece has again brought the issue of taxes - and how some countries seem to have such trouble collecting enough of them to finance their spending - to the forefront. Why is it that in... [read complete entry]
How's this for embarrassing: last week Hungarian tax authority APEH was forced to release a special communiqué admitting that it had included leading brewer Dreher Sörgyárak Zrt on a public list of corporate deadbeats by mistake.... [read complete entry]
A total of 1,655 businesses in Hungary had tax arrears of more than HUF 100m (EUR 368,919) continually over a period of 180 days at the end of 2009, while 2,955 private and privately employed individuals had arrears of more... [read complete entry]
Time has run out to make any changes to the property tax law which was thrown out by the Constitutional Court, Prime Minister Gordon Bajnai said on Wednesday. In the next few weeks the government will review the budget reserves... [read complete entry]
Hungary's tax authority APEH has changed its online property tax calculator after the data-protection ombudsman complained that estimating the value of a property involved providing personal data. From now on, users of the property-tax calculator need only give their personal... [read complete entry]
Hungary's national tax office APEH has made a calculator available on its website which can be used to find out estimated value of any real estate in the country, reports portfolio.hu. Tests run by RSM DTM Hungary Zrt. have shown... [read complete entry]
A property tax calculator was made available on the websites of both the tax authority APEH and the state administration from Friday. APEH says it will store the personal data of anyone using the calculator for six years but promises... [read complete entry]
In spite of the crisis, the number of registered taxpayers in Hungary grew in 2009, Janos Szikora, head of tax office APEH, said at an event organised by APEH and the Hungarian Chamber of Industry and Trade (MKIK) on Monday.... [read complete entry]
Tax payment discipline has not relaxed significantly despite the economic crisis, however, tax revenues have fallen slightly, while cross-border tax fraud has increased, participants of a meeting of the heads of six countries' tax offices said at a press conference... [read complete entry]
While an online calculator to be launched by tax office APEH to help taxpayers calculate the "wealth tax" is useful, they might want to think twice about using it. As various tax advisors informed vg.hu, taxpayers who use the online... [read complete entry]
National tax office APEH has created a "wealth tax calculator" so that taxpayers will have an easier time complying with the recently-passed law creating the new tax on property and other assets, writes napi.hu. The calculator will be capable of... [read complete entry]
Tax authority APEH uncovered Ft 43.9 billion in unpaid taxes in the third quarter based on the audit of 183 companies, who now face an additional Ft 20.3 billion in penalties. The list of highest debtors is led by construction... [read complete entry]
Taxes collected by Hungarian tax office APEH in January-September were 6.5pc under the target, APEH head Janos Szikora told a meeting of business association MGYOSZ on Wednesday. APEH collected 92.5pc of the January-September target for personal income tax, 98.8pc of... [read complete entry]
Hungary's tax authority APEH initiated proceedings to suspend the tax numbers of 630 newly-formed companies during the first six months of 2009, reports napi.hu. In most of the cases, the sanction was due to bogus data related to the new... [read complete entry]
From next year, employers will be required to pay social security contributions based on the "typical wage for the activity" - tevékenységre jellemző kereset; a term recently introduced with changes to tax laws - and not according to the minimum... [read complete entry]
Really, we can't say we're particularly shocked about this report of a bomb threat being called in this morning against the South Pest outlet of much-despised Hungarian tax office APEH. While the growing number of such incidents in Hungary usually... [read complete entry]
Hungary's tax authority APEH collected HUF 4.113 trillion (EUR 15.12bn) in tax revenue in the first half of 2009, down 3.7pc yr/yr from H1 of 2008, APEH informed MTI on Wednesday. The figure does not include the HUF 179.9bn APEH... [read complete entry]
The tax authorities of Hungary and Romania have been intensifying their cooperation especially since Romania's EU entry two and a half years ago, Hungarian and Romanian officials told the press after a two-day consultation in Budapest on Tuesday. President of... [read complete entry]
Two tax authorities of Hungary and Romania on Friday signed an agreement in Szeged (S Hungary) on cooperation in fighting cross-border tax fraud, a senior Hungarian tax official told MTI. The Hungarian Tax Office's southern regional branch and the Romanian... [read complete entry]
In addition to news that the government is to tax people's wealth as well as their real-estate, we heard a rumor this morning that Hungarians were fretting about putting their holiday snaps up on popular social networking site iWiW for... [read complete entry]
Hungarian tax office APEH collected HUF 34.9bn in duties in the first quarter, data on the office's website reveal. Duties collected rose 7pc over the same period a year earlier, Econews calculated.... [read complete entry]
A local company based in south Hungary made fraudulent tax claims worth almost 700 million forints, the tax office APEH told MTI on Thursday.... [read complete entry]
Hungary's biggest hundred companies, based on net revenue, and its top fifty banks, based on total assets, paid HUF 1,157bn in taxes -- including personal income, VAT, corporate, social security and healthcare tax -- in 2007, 36pc more than in... [read complete entry]
Hungarian tax office APEH on Tuesday said it would not change the focus of its audits this year but would continue to target newly established businesses, taxpayers that report minimal income and profit, private individuals who quickly acquire wealth, and... [read complete entry]
The first attempt by the Tax Authority (APEH) to auction off real estate online failed yesterday, as no bids were filed for the vineyard in Kazincbarcika offered for a minimum of Ft 300,000.... [read complete entry]
It's been such a miserable week in business here in Hungary - you might even call it a train wreck of a week - that we think it's only fair to end things on a light note. The following joke... [read complete entry]
Hungarian tax office APEH carried out 17,156 audits targeting private individuals whose reported income was at odds with their assets to uncover HUF 74.5bn in unpaid taxes in 2007-2008, APEH head Janos Szikora said on Tuesday.... [read complete entry]
Outstanding payments to Hungary's tax authority APEH soared by Ft 300 billion (€1.05 billion) in 2008, writes Napi Gazdaság. The total of Ft 1.6 trillion is 18.5 % of the tax authority's total annual income of Ft 8.8 trillion. Much... [read complete entry]
Hungarian tax office APEH will pay special attention to tax avoidance, illegal labour, computer parts traders and transfer prices in 2009, APEH president Janos Szikora told MTI.... [read complete entry]
The names of almost 2,300 individuals with outstanding tax debts exceeding Ft 10 million (€40,000) have been released by Hungarian tax authority APEH. This is 400 more than the figure originally published when the list was released for the first... [read complete entry]
Visitors to Hungarian tax offices around the country are being given a questionnaire on the quality of service provided by APEH staff starting today.... [read complete entry]
Privacy ombudsman András Jóri launched an inquiry yesterday into a Finance Ministry decree ordering psychiatric aptitude tests and at least a 90-point IQ level for potential employees of the tax authority APEH.... [read complete entry]
Applicants seeking to work for the tax authority APEH next year will have to undergo an IQ test for the first time. A decree issued by Finance Minister János Veres on ordering a psychological test for job applicants stipulates that... [read complete entry]
APEH, the tax authority, has published its latest list of Hungary's 210 largest tax debtors, who owe a combined total of Ft 39.2 billion. The figure rises to Ft 69.5 billion when default interest penalties are included.... [read complete entry]
There are very few changes in Hungary's pending tax bill except that it makes tax evasion harder, was how PricewatehouseCoopers partner Gabriella Erdos summed up the bill for the media on Thursday.... [read complete entry]
The Hungarian Outsourcing Association (HOA) has warned of anomalies in Hungary's temporary employment practices for employees seconded to other companies, writes Világgazdaság. Among other peculiarities, firing a temporary worker is more difficult than laying off a permanent employee.... [read complete entry]
Hungarian youth are not interested in whether they will receive a pension, writes Privatbankár.hu, based on a report by the OTP Volunteer Pension Fund (OTP ÖNYP).... [read complete entry]
Appeals against decisions by APEH in wealth gain (vagyonosodási) investigations are successful in half of cases, a much higher rate than in other investigations, writes Napi.hu, based on data provided by the tax office.... [read complete entry]
Last year, 86,000 more private individuals submitted tax returns than in 2006, a result of the "whitening" economy, tax office APEH announced at a recent press conference. According to a report on Napi.hu, income from employment grew nominally by 7%,... [read complete entry]
The Dél Alföld directorate of the Hungarian tax office APEH estimates that tax payers use private loans to cover up unaccounted for income in 80% to 90% of cases, writes Gazdasásgi Rádió. Of the many loans that were found never... [read complete entry]
As of the previous September, starting a new company became easier, with the result that in the first three quarters of 2008, there was a considerably increase in the number of new businesses, database service company Opten Kft announced, as... [read complete entry]
Over the past year and a half, tax authority APEH has registered failures of payments against 2.5 million citizens, 776,000 of which were from this past year, reports napi.hu (subscriber only). Over a million citizens will receive notices that they... [read complete entry]
A new tax law will allow Hungarian tax authority APEH to suspend a company's tax registration number if it does not submit a balance report by the required date, reports napi.hu. Previously, the Court of Registry was responsible for taking... [read complete entry]
National tax office APEH will auction off real estate online from January 2009 if the law on taxation extends the online auction system introduced in January of this year to real estate, reports napi.hu.... [read complete entry]
Ombudmsan Máté Szabó has ruled that the state tax office APEH is violating the law when they freeze an alleged tax evader's assets, thereby not allowing them to access those assets to pay their fine, jogiforum.hu reported. The current law... [read complete entry]
The integration of local council tax authorities with the national tax office APEH is not on the agenda, Finance Minister Janos Veres said at a conference of tax officials in Balatonfured on Friday.... [read complete entry]
In an attempt to curb aggressive and sometimes violent loan sharks, the government is planning to offer micro loans, mostly to poor villagers, and considering capping interest rates. The Hungarian Business Development Foundation could oversee the lending at annual interest... [read complete entry]
Twenty percent of economic players fail to pay taxes and if half of them could be gotten to pay up, the budget would have the funds needed for the proposed tax cuts, the prime minister told a conference of tax... [read complete entry]
The order in which the Hungarian tax office APEH will send out notices about account balances, debts, late fees and surpluses will change considerably this fall, tax department head Eszter Ágnes Balázs announced at a press conference recently. APEH will... [read complete entry]
Online auctions to sell assets seized by tax office APEH from individuals who owe back taxes or other liability have increased the income of the state budget by Ft 200 million (over €840,000) since January, writes index.hu. The new online... [read complete entry]
According to mfor.hu, more and more Hungarians are reporting their neighbors and acquaintances to the tax office APEH, although the authorities claim only 25-35% of the reports are valid. While some of the informants are driven by sheer malignancy and... [read complete entry]
An EU regulation requiring that Hungary abolish its system of corporate tax rebates by the end of 2011 is leading some experts to warn that some large multinationals will leave the country, writes Világgazdaság. Meanwhile, the paper reports that just... [read complete entry]
Hungary's tax office APEH had revenue of HUF 4,446bn (EUR 19.44bn) in the first half of 2008, 10.8pc more than in the same period last year, APEH announced on Wednesday.... [read complete entry]
Since the introduction of new, easily traceable invoice booklets, Hungarian tax authority APEH has discovered at least one illegal manufacturer of the bills, writes napi.hu Tax controllers have found several companies using old bill booklets which have not been valid... [read complete entry]
The Hungarian tax authority will begin auctioning seized properties online starting next year. [read complete entry]
Thousands of Hungarian taxpayers who faced "wealth gain" (vagyonosodási) investigations by APEH last year can expect a return visit by tax collectors, as the national tax office forgot to add the 11% health care contribution (eho) to its 2007 calculations.... [read complete entry]
As of 10:00 this morning, much of Hungary was hunkering under a gloomy cloak of icy rain, a suitably miserable backdrop for the country's annual May 20th personal income tax filing deadline. But don't despair, because today also offers a... [read complete entry]
A National Bank of Hungary (MNB) study based on 2005 figures has estimated that people underreporting their incomes, or not reporting them at all, cost some 4.2% of GDP, business daily Napi Gazdasag reported Tuesday. Some 27% of Hungarians report... [read complete entry]
Are Hungary's monstrously high tax rates, bewilderingly complex and constantly-changing tax rates, and imperious tax inspectors making you hate on the APEH? Well, if it's any consolation, the Hungarian state tax office wants you to know that they actually love... [read complete entry]
Following up on the publication of APEH's taxpayer blacklist, leading tabloid Blikk has tracked down Hungarian tax authority APEH's biggest debtor, a 33-year-old man taken in by an Italian money launderer and confidence trickster. Mechanic László Olesiák (pictured) lives... [read complete entry]
Nearly 3,000 companies and individuals owe Hungary's tax office APEH a total of Ft 500 billion (€1.9 billion), the same amount needed for a proposed tax reform, writes FigyelőNet. Of course, the tax reform is not dependent on the debtors... [read complete entry]
APEH states that after raising fines, they have come across less tax evasion than in the past. [read complete entry]
Hungarian tax authority APEH has promised to probe one fifth of start-up companies in 2008. [read complete entry]
The first ten days of a new crackdown by labor, tax and consumer protection authorities in Hungary resulted in 4,900 inspections and yielded 1,500 fines. [read complete entry]
The overwhelming majority of Hungary's loss-making sole proprietorships opted to pay the "minimum tax" this year rather than give full account of their losses. [read complete entry]
A Budapest court ruled that companies may deduct VAT retroactively, even in cases involving taxes paid before the company was officially registered. [read complete entry]
With electronic tax returns having already become a way of life in Hungary, the country's tax authority (APEH) is planning to add more features this year to make online tax declarations easier and faster for both businesses and individuals. APEH... [read complete entry]
With Hungarian businesses liable for the minimum tax (minimumadó) for the first time this year, they are advised to think twice about the items they include on their tax returns, Adózóna reports. Under the minimum tax rule, which came into... [read complete entry]
Last year the Hungarian tax authorities (APEH) initiated roughly 15,000 investigations into cases of suspected tax evasion by individuals, and this week revealed the outcome of the 11,000 such inquiries that were completed. According to business daily Világgazdaság, significant discrepancies... [read complete entry]
New regulations controlling the operations of temporary "flea" markets and fairs in Hungary will come into force in April. [read complete entry]
Hungary's tax office (APEH) may be forced to pay back billions of forints in value-added taxes (ÁFA) to businesses after the Supreme Court ruled a law it had enforced to collect the tax runs counter to EU rules, Index.hu reports.... [read complete entry]
Few Hungarians and probably even fewer non-citizens are aware that if they receive a present in Hungary worth more than Ft 150,000 (€600), they are bound by law to pay a gift tax on it even if it is from... [read complete entry]
Despite changes to accounting rules governing Hungary's simplified tax system, only a handful of companies have joined or left the system before the recent deadline. [read complete entry]
Two Szabolcs-Szatmár-Bereg County tax inspectors and several accomplices have been caught soliciting millions of forints in bribes from local businesses. [read complete entry]
The results of the "Operation Csillagszóró" (Christmas sparkler), an extensive labor, tax and customer protection inspection held during the last months of 2007, were announced on Tuesday, reports Napi Online. According to government spokeswoman Bernadett Budai, 6,200 inspections were held,... [read complete entry]
Hungary's number one tax evader owes Ft 6.5 billion to APEH but he is unlikely to pay his arrears anytime soon. [read complete entry]
APEH performed some 11,000 inspections last year, calling in an average of Ft 900,000 in unpaid taxes. [read complete entry]
Properties seized by the Hungarian tax office APEH can be purchased in online auctions from today, writes fn.hu. APEH's Electronic Auction Area (Elektronikus Árverési Felület, EÁF) only has two items available for auction at the moment, a Suzuki Liana with... [read complete entry]
Hungary's national tax office is investigating embarrassing claims that security guards working at one of its regional offices were working without legal employment contracts. [read complete entry]
An official of Hungary's national tax office said its investigators are using data from customer "loyalty points" systems to gauge the income of individuals suspicion of tax evasion. [read complete entry]
Seven different Hungarian enforcement agencies - among them labor, tax, food and health inspectors - have joined forces in a six-week-long series of inspections, Gazdasági rádió reports. Only three weeks into the operation, named Csillagszóró ("Christmas sparkler"), the authorities have... [read complete entry]
Fines for certain economic offenses in Hungary will dramatically increase next year following passage by parliament of amendments to the relevant laws, Index reports. Another change involves a greater use of the national tax office (APEH) as a collection agent... [read complete entry]
Hungary's small businesses are apparently not interested in the system of allowances designed to help them "whiten" their operations, and continue to prefer paying their employees the minimum wage plus cash, writes news portal Index.hu. It is possible that no... [read complete entry]
Siemens Hungary will undergo a restructuring in a bid to draw a line under recent tax problems and international corruption scandals. [read complete entry]
Everyone who does business in Hungary knows that if you need to get something done in one of Hungary's myriad public administration offices, it pays to know someone who works there - or to pay them. Now, a new survey... [read complete entry]
On Monday, Hungarian Parliament passed a tax package that will be effective from January 2008. Index.hu collected those that apply to private individuals.... [read complete entry]
The number of reports against Hungarian companies for using illegal software has increased considerably since the Hungarian national tax office (APEH) started co-operation with the international rights protection organization Business Software Alliance (BSA) at the beginning of 2007, reports daily... [read complete entry]