ÁSZ: a careful assessment is needed before the VAT reduction

The most recent analysis of the State Audit Office (ÁSZ) is about the impact of VAT reductions on the sustainable whitening process.

The Central government’s tax revenues increased by about 30 percent between 2014 and 2018. As a result of economic whitening measures, such as the introduction of online cash registers, electronic roadside goods controls – the so-called VAT margin has decreased from the 22 percent of 2013 to 9 percent in 2018, indicating a significant reduction in VAT fraud. In addition to the economic whitening measures, the increase in household consumption also played a decisive role in the growth of VAT revenues – the analysis of ÁSZ concluded. (MTI)