Hungary's VAT compliance gap, a measure of the difference between VAT receipts and tax revenue that would be collected in the case of full compliance, has fallen to 4.4% from 22.3% in 2010, Finance Minister Mihály Varga said in a post on Facebook on Friday, citing the European Commission's latest VAT gap report.
Hungary is open to establishing a new double taxation avoidance treaty with the United States, Finance Minister Mihály Varga said after a meeting with the U.S.-Hungary Business Council (USHBC) on Tuesday, according to a report by state news wire MTI.