The Hungarian Tax and Customs Administration has been entrusted with new tasks, announced Minister for National Economy Mihaly Varga an international tax policy conference Wednesday.
Hungary has been growing stronger, the country’s macro-economic indicators have improved significantly in recent years and the country’s economic stability warrants large-scale plans, said Mr Varga. Now the objectives are to make tax collection more efficient and cut administrative costs. So a new tax regime and a new tax authority have together led to significantly higher fiscal revenues and improved taxpayer morale.
