• VAT Card

    Description of working principles of the VAT card created and represented by the Coalition Party, presentation of its beneficial effects on Hungarian economy

    The long time passed from the introduction of value added tax in Hungary showed clearly how different governmental task is to control the declaration, payment and reclamation of VAT.

    A number of irregularities, misuses and criminal acts relate to value added tax that mean significant loss of VAT revenue and extra expenses to the Hungarian State.

    Avoidance of declaration and payment of VAT payable and the illegitimate reclamation of VAT are present and frequent in Hungary widely, they already jeopardize operability and sustainability of the national economy and of the Hungarian State, thereby it means serious national security risk. Continue Reading

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