Hungary: tax authority

Alessandro PasutThe Hungarian Tax Authority published a brochure regarding the focus areas of the 2014 tax audits. The brochure sets forth the criteria of the tax audit selection process, the main targets regarding the economic activities, industries and the objectives of the tax audits for this year. In 2014, taxpayers engaged in agricultural and certain industrial and trading activities should expect more frequent inspections.

According to the brochure, for the purposes of its risk assessment process, the tax authorities will specifically consider the circumstances of the seat, personnel changes, the balance of taxes paid to and subsidies claimed from the Budget, and other networks of the taxpayer. Tax registration and increased tax authority supervisory proceedings – that received significant attention last year – will remain a crucial part in the tax audit selection process.

The copying of electronic taxpayer data for purposes of subsequent evaluation will become more frequent. Preventing the manipulation of IT systems is also a priority. During tax audits, the Tax Authority will carry out general reviews of the accounting and invoicing software and other IT systems used by taxpayers.

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