Hungary’s National Tax and Customs Administration (NAV) has begun a campaign aimed at reducing the number of fictitious companies. The concern is that instead of paying off their old debts, business owners shut down their companies and set up new ones. The NAV claims to have investigated 12,311 companies and discovered what it calls unfair practices in 419 of them. The new system of tax registration is intended to disrupt the practice by looking closely at the past activities of the owners.
