Tax office overhaul needed to maintain competitiveness, says economy minister

Budapest, January 4 (MTI) – The restructuring of Hungary’s tax office (NAV) is necessary to ensure that the country’s economic competitiveness can continue to improve, Economy Minister Mihaly Varga said on Monday.

Speaking at a ceremony at which he appointed new tax office leaders, the minister said the overhaul will enable NAV to better contribute to the country’s growth and to better adapt to changes in the economy.

Varga said Hungary’s tax system had reached a turning point and the reorganised system will promote economic growth. The restructuring will provide quicker and simpler methods for both companies and individuals to pay their taxes.

As a state secretariat operating as part of the economy ministry NAV will put together a more “customer-friendly” tax system that will place less administrative burdens on taxpayers, he said.