Domestic consumption has increased VAT revenues

Domestic consumption increased

Based on the tax revenue data published by the Hungarian State Treasury, the Hungarian economy performed well in 2021, and the amount of tax collected between January and November significantly exceeds the revenue figures planned for the same period, said Fischer Ádám, legal partner of Niveus Consulting Group. We have reviewed the performance data for the first 11 months with the specialist compared to the annual initial and amended budget appropriations, and as can be seen from our table, in some tax types, such as sales tax, the annual planned amount has already been received by the end of November. (Klein Ron, vg.hu)