BUDAPEST: Approximately 1.5 million Hungarians’ personal income tax returns will be completed by Hungary’s National Tax and Customs Authority (NAV) following an amendment recently passed by the Hungarian government, local daily Magyar Idők reported today.
More than 800,000 Hungarian taxpayers made errors when filing their tax return this year, while 100,000 returns were submitted after the deadline, the paper said citing Péter András Kis, the spokesperson of NAV.
Under the amendment passed by parliament on November 17, the Hungarian tax authority will take over the task of preparing the personal income tax returns of up to 3.5 million Hungarians as of 2017, the spokesperson said.
A system for qualifying taxpayers and establishing preferences for the best candidates was approved on November 17. Under the law, taxpayers who comply with all the rules and qualify as “good” will receive special treatment. This number currently stands at almost 140,000, according to an earlier report by MTI.
The law stipulates that taxpayers who have not fallen more than 3% behind in their tax payments over a six-year period, qualify as “reliable”, and those who owe more back taxes or have violated rules are considered “risky”. Risky taxpayers are subject to stricter regulations and higher fines under the law, MTI said
