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National tax authorities share their data with each other globally, and the Hungarian National Tax and Customs Administration (NAV) also receives information about the income of Hungarian residents earned in other countries that are taxable in Hungary, the tax authority pointed out in a statement.
They stressed that if someone works abroad, they should check in which state they have to pay taxes on their income. In addition to sending the data, foreign tax authorities also notify the NAV separately if they have income taxable in Hungary in their database, the statement said.
An example is the case of a dual Serbian-Hungarian citizen who received income from a German parent company’s Dubai company for work in China, and the €150,000 payment was transferred to his Serbian bank account. The NAV audit revealed – based on data, documents, declarations and double taxation conventions – that the income was taxable in Hungary. Thus, an individual who had otherwise cooperated during the procedure paid the tax of more than HUF 15 million.
Via MTI; Features Photo: Facebook NAV