Latest FeedsTechnology NewsEY: these companies are subject to increasingly targeted tax...

EY: these companies are subject to increasingly targeted tax audits

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Webshops, food distributors and construction companies can count on a comprehensive inspection, as well as marketing, advertising, media service providers and film production companies.

The National Tax and Customs Administration (NAV) is capable of more and more targeted inspections with its automated processes that utilize artificial intelligence and its database supplemented with international sources, EY pointed out.

The international consulting firm reminds us that according to the tax authority’s 2023 inspection plan, this year it will pay special attention to e-commerce, food supplements, fuel and air conditioning companies.

Webshops, food distributors and construction companies can count on a comprehensive inspection, as well as marketing, advertising, media service providers and film production companies – they indicated. The authority continues to strictly monitor the tax procedures for new vehicles placed on the market in Hungary, they added.

The inspection of legal employment is prioritized, primarily property protection and construction companies and companies dealing with temporary labor and cleaning can expect to be inspected.

EY points out: regardless of the industry, the tax authority can also investigate the legality of tax benefits and transfer pricing practices, as well as tax refunds.

The NAV can even take the assets of the company involved in “tax evasion” under the scope of an insurance measure until the procedure is concluded – Dániel Bajusz, EY’s tax litigation lawyer, was quoted in the announcement.

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