Reversed VAT against fraudsters

Twice as much tax is cheated in the European Union annually, as Hungary's total GDP. In Hungary, three hundred billion HUF more losses in the budget occurred in 2012, due to tax frauds related to the VAT – the Magyar Hírlap wrote. According to the Mazars audit and tax consulting firm, the extension of the reversed VAT system would be an effective defense.

In Hungary, the amount of VAT frauds has reached one billion euros in 2012. In the European wice as much tax is cheated per year, as Hungary's total GDP. Therefore, to resolve this problem has a high priority. According to the Mazars audit and tax consulting firm, the extension of the reversed VAT system would be an effective defense. The advantage is that is not the seller or the service provider will pay the VAT, but the customer. The seller do not discloe the VAT on the invoice, therefore can not disappear with the claimed amount between two payment periods.

Read more at: http://www.onlinekassza.hu/hirek/osszes-hir/830-afacsalok-elleni-fellepest-surgetnek-az-eu-ban