- Hungary’s National Tax and Customs Administration has issued its tax audit plan for 2024
- The main goal of the tax audits is to ensure budget revenues by preventing abuse, eliminating it, and encouraging voluntary compliance
- The NAV conducts targeted selection based on risk analysis using real-time data
- The NAV supports compliant taxpayers in fulfilling their tax obligations, but imposes strict penalties on those who try to gain unfair advantage by circumventing tax laws
- Recent developments have enabled the NAV to conduct sophisticated risk analysis, leading to a decrease in tax evasion
- Non-compliant businesses often delay fulfilling their tax obligations until prompted by the tax authority
- The NAV selects the type of audit based on the taxpayer’s behavior and data analysis
- In 2024, there will be a focus on warning and urging taxpayers to correct discrepancies in data reporting
- The tax authority will conduct audits, compliance checks, or support procedures based on risk assessment and taxpayer compliance levels, using data analysis and data science methods.
Source: nav.gov.hu
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
