Excessive administration against VAT frauds hampers growth

VAT frauds cost nearly 200 billion euros for the EU member states every year. In Hungary 25 percent of the VAT is swallowed by the traders.

However the increase of the administration in response obstructs the economic growth and reduces the attractiveness of the country – Hannes Gurtner and Jancsa-Pék Judit experts of LeitnerLeitner drew attention on Tuesday, at a press conference, held on the occasion of the seventeenth European VAT conference in Budapest. (MTI)